[Reposted from another thread - because this seems like a better place to have a balanced discussion and hopefully hear both perspectives]
I would also like to hear from both sides, but we have only heard from one side.
Despite being the first one to lodge a notice to remove a director, it seems like the shareholders requisitioning for the removal of Paul Cholakos are still keeping other shareholders in the dark about their reasons for doing so.
I'm not certain of the connection between our chairman Peter Graham and those shareholder's against Paul Cholakos, but it would also seem that Peter Graham has some significant explaining to do. From the contents of today's statement to shareholders, it would appear that Peter Graham has been behind a number of board changes.
From my perspective, this has the appearance of a relatively small percentage of shareholders controlling the board or trying to control the board - and doing so without other shareholders having any knowledge. I can't help but feel that this is wrong and inappropriate.
I also wonder about the exit of Jon Parker. CAP's ASX announcement of 4 May 2020 noted the appointment of Peter Graham and Jon Parker retiring from the board. Jon Parker was possibly the most appropriately experienced and qualified director CAP has had for a while. And he left the same day Peter Graham was appointed. I assume he wasn't asked to leave by Peter Graham as that is not listed in today's statement. Does Jon Parker retiring the same day Peter Graham was appointed say something positive about Jon Parker's ethics and he did not wish to be on a board with Peter Graham or associated with the constant changes being made to the board by Peter Graham? If anyone has any connection with Jon Parker I'd love to know his reasons for leaving.
I hope that Peter Graham and those shareholders seeking to remove Paul provide a statement to all shareholders with an explanation for their actions sooner rather than later.
Regardless of your views, if you are a shareholder, please pay attention and you MUST vote.
[Reposted from another thread - because this seems like a better...
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