Institutional shareholders, retail investors, and their advisors should be aware of the public information about AVZ Chairman John Clarke who is up for re-election at the upcoming AGM.
For example, whilst Chairman, John Clarke was accused of knowingly retaining a twice-convicted criminal as CEO.
Here is the info which you can verify:
- Since 2011 Clarke has served as chairman of Mediterranean Resources Ltd (‘MRL’), a Turkey focused gold exploration company.
- In an unfair dismissal lawsuit from 2011, MRL’s former CEO Peter Guest accused Clarke of being “content” with retaining board member, Jeffrey Nichols, after he was informed that Nichols was twice jailed in the US for tax evasion and for failing to make alimony and child support payments.
- The suit alleged that Clarke kept Nichols on to “further [his] interests” and “control the majority of the board.” Guest accused Clarke of firing him after he objected to Nichols’ criminal record. Another MRL director allegedly resigned “immediately” because of Clarke’s conduct.
- Canadian public records state that the case was settled but it is not clear when based on available records.
