That was the time of all the performance options and incentives. The Board have stayed put since the ISignThis debacle not to mention ChinaPayments. It is a weakness in the law down there that options and rights can be used to keep Boards in underperforming companies in power.
Ownership matters and other proxy investor groups should care as much about the smaller players as they do the larger ones.
The Board and Management should be able to hold their own and not resort to performance rights and options. perhaps it will be cleaned up after May 21 so this does not happen again.
There is also the potential option of Class Action especially over this banking license, “RADI”, what is a RADI, sounds like a disease, and that never ending debacle.
I mean the idea that a banking regulator like the FED, in Australia would grant a banking license to a company with such a history is an incredible fairytale IMHO. IMHO some children’s books are more plausible n their plot outcomes.
Class Actions depend on attorneys finding enough loss to Make it worthwhile.
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