The 10% cut in pay by the directors clearly indicates that they...

The 10% cut in pay by the directors clearly indicates that they consider their wellbeing to be far more important than the company itself.
In particular the large salary of the chairman does not reflect what I beleive is his non-existant contribution to the success of Oilex - his pay should be cut by 50% at least.
Can anyone provide any evidence of the chairman's intervention to resolve the many problems Oilex has faced over the past years, and if not why not? Does he have a strategy to tackle the money problems - is he actively seeking solutions through his contacts and using his position appropriately, or is he just sitting on the fence?

To me his only contribution is the chairmans message which is probably prepared for him by others.
We need change at the top (not at the lower levels) to get a new dynamic leader in place.