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356 Posts.

125

13/08/22

10:39

Post #: 63092881
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Originally posted by Fitzi: ↑

I think others have alluded to this in different ways during the conversations but;
It seems the only time we seem to hear from our Chair is at the AGM.
The Chair hasn't supported the company with buying shares using a "interpretation to advantage" of conflict of interest. (Just because a person worked for the company or is working for the company doesn't preclude them from buying shares. Its the way you manage the share purchases within the windows allowed and ensure disclosure to the market which matters... No one is going to hang a person for showing faith! )
The Chair's name never seems to appear on announcements. Surely during the 203 and 249d, the Chair would put his name in lights? but not a peep since it started.
I'm not aware of the Chair presenting at anything other than the AGM?
Its pretty clear management have not been held accountable, that's in part why we are here. Has the CEO had any Performance reviews?
Could it be the case the Board dances to Paul's tune rather than the Board creating a framework of accountability and responsibility around its CEO with regular reviews, performance KPI's that reflect shareholder and stakeholder expectations? Has there been any Board Performance Reviews conducted?
Setting aside a "interpretation to advantage" on fiduciary duties, surely now is the time a Chair would make a statement of support for his CEO and his team?? (other than within the response to the 249d which was most probably written in the main by Paul and Paula)

Happy to be corrected on a few points but regardless at $170,000 per annum, Mr Chair with due respect, suggest the right thing to do would be to step down, take the fall for your CEO if you really think he needs to be around for the next phase and let another create accountable frameworks around management...

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Have you tried looking behind one of these windows Fitzi? You may also find a bear, but will definitely find people with games and stories to tell...

Have a great weekend all, the winds of change are a blowin...
MTC
TNG Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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Have you tried looking behind one of these windows Fitzi? You...

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Have you tried looking behind one of these windows Fitzi? You...

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