I'm struggling to see how the BOD has acted in the best interest...

I'm struggling to see how the BOD has acted in the best interest of the SH's as is required. (and hasn't for a looong time).

I don't believe you can really litigate for incompetence ( on single bad decision) but a "pattern of behaviour " that is not consistent with the requirements/legalities of the position that the BOD hold may make the BOD liable for prosecution (under the corporations act)?

need to look into this further as i am no legal expert ..........