NDO 2.92% 88.0¢ nido education limited

Lets start with the board and then maybe someone can work their...

  1. 8,928 Posts.
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    Lets start with the board and then maybe someone can work their way down through the dead wood starting with the CFO. Phil seems to cop all the flak for the cap raising but read the definition of the job title of a CFO.

    Definition of 'Chief Financial Officer - CFO'
    The senior manager responsible for overseeing the financial activities of an entire company. The CFO's duties include financial planning and monitoring cash flow. He or she analyzes the company's financial strengths and weaknesses and suggests plans for improvement. The CFO is similar to a treasurer or controller in that he or she is responsible for overseeing the accounting and finance departments and for ensuring that the company's financial reports are accurate and completed on time.

    http://www.investopedia.com/terms/c/cfo.asp

    'financial planning and monitoring cash flow" thats a joke.

    A far as the position chairman goes, this is a farcical position in any company. People make excellent livings out of being chairmans of many companies at the same time. Write a couple of letters a year , look over the books , chair some meetings and print what your told by the rest of the board. And get paid a motsa. Lets face it, we may as well have Kylie Minogue as our Chairwoman. We would get value for money then. But, it's a requirement so we are stuck with having one. But let's get a cheaper one who has some positive input.
    We are very lucky to have a shareholder who is determined to see things through for not only his benefit but for all shareholders. Think of all those small companies out there that just walk all over their shareholders and no one does anything about it.
    Well the board and management will need to take notice this time as it doesn't look good on your resume being removed from the board or a company by shareholders.
    This statement is unbelievable from yesterday.

    "In these circumstances Nido is unclear as to the rationale for requiring a General Meeting
    when there is already a scheduled forum where these issues can be considered and, as
    appropriate, discussed, in any case."

    Discussed ! Ha Hang on , aren't all questions supposed to be submitted to the chair beforehand so they can write their reply.
    considered? well, I can't see in any of the agm's resolutions the removing of Byrnes and Ollis and the non execs paypackets so they can't be considered.
 
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