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LovesMining

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22/04/22

10:41

Post #: 60964198
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Originally posted by Amused observer: ↑

Very good.

3,5 and 7 are super important.

In regards 3 dont forget that Company Directors are shareholder appointed and cannot be fired, they can only resign, retire or be removed by a resolution of the company, often by way of a section 203D of the Corps Act if shareholders want it or if they breach or fail to satisfy a range of regulatory matters including bankruptcy, criminal charges, medical conditions etc. Executives who are Board members can be fired from the executive role but not the Board role. Executives other than the CEO are of no consequence to the shareholders other than their performance as employed staff. They only really come under the eye of shareholders through the Directors & Officers insurance or where the Board sub-committee involved in remunerations includes the KMP as included in the D&O insurance.

Most punters dont know the difference even when explained to them.

If you want some fun to read about go look at SFG and the announcement this morning. It is highly entertaining but debilitating for shareholders who dont understand the basics as stated above and spin around on unwashed and misunderstood conjecture and prayers of hope often posted by so many.

Anyway........................ya bored yet?

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Not bored at all. I love learning new things and completely understand what you have just said. The article and video I watched was superbly done and you are correct, not many people have a clear understanding of the distinction between the board and executive management.
i will fill in more detail into the checklist and publish it for two reasons: get improvement ideas from very knowledgeable posters such as yourself as well as help give posters new to investing, a template that can help narrow down those great investment ideas.

AEV Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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