Agree.
The company is transitioning to a revenue company and accordingly needs a change to this club like board.
Chris Quirk needs to retire and move to an OBJ Advisory Panel role along with
Tony Wright and Heather Benson
. Quirk is not director material at all now and gives little time to OBJ these days.
Glyn is not a CEO or a good communicator and this
recent debacle of share grab etc shows amateurism and lacking commercial acumen.
We really need a vibrant savy commercial full time CEO to assist Jeff at presentations with FMCG's and Pharma's and travel the world getting deals. The new CEO would also liaise with key stakeholders and the insto community. The CEO would be full time as opposed to Glyn who is part time and has 5 other roles besides OBJ. Glyn can remain for 12 months as a non executive director or until replaced whatever ealier.
We need two independent directors with commercial/financial backgrounds.
So CEO Executive Director along with Jeff Executive Director and 2 x Independent Non Execs with one being the Chairman.
That is what this board should look like.
To the OBJ board......
you MUST withdraw these resolutions or the AGM will be a disaster. The free 10m share grab is not in shareholders or the company's interest but yours.
Everyone should vote NO to resolutions 4,5,6 & 7 as directors are already well incentivised via the 2014 Incentive plan which gives them up to 45m shares (15m shares each) expiring Nov 2017 if they satisfy any one of 3 milestones.
So far the Board of Directors have not satisfied one milestone but we hope they can satisfy them all.
(20min delay)