If nothing changes and its the same old same old upon reinstatement, shareholders should consider getting rid of the whole Board.
Forget isolating individuals or finding scapegoats to hide inadequacies. If problems continue we can be assured its systemic and its cultural.
This is clearly bigger than one person if this continues.
Port Adelaide did that and cleaned the culture up quick smart.
Strong leadership and a better work ethic does wonders.
So too does employing the right people who are hungry, accountable to shareholders for their actions.. and inactions, and want success and clearly communicate that want to shareholders.
Employ people who want to work for the good of shareholders - not bicker and fight and make excuses and lose shareholder $$$ because they cannot get along or want to play games with shareholders hard earned money.
Then start drilling and keep drilling and don't stop drilling!
I have said it before - its about leadership, accountability and intention.
I see none of the above in any amount that represents value for (what is left of) shareholders money.
I see games, delays, backflips, cheap tactics at AGM's with pretty girl representation for Board members who couldn't be bothered turning up, and timid announcements devoid of detail or direction.
The new CEO has a responsibility to instill confidence and build value.
If he doesn't, or cannot or is unable to do that right now, then find someone who can and whatever remuneration package PLV give anyone, make it a base payment with strong incentives for OUT PERFORMANCE.
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