Frank,It has happened already with MPO. And that meant that the...

Frank,

It has happened already with MPO. And that meant that the Chairman, plus one other Independent Directors, got the boot, for two new ones (Disgruntled large shareholers) that came in, in their place.

The vote was unbelievably high in favour of the removals of the Directors and even the media didn't expect it to be so high. They always forecasted a very close draw card.

As soon as the Announcement was made, the incumbent temporary Chairman went as well, and the MD was replaced as well while also loosing his seat in the Boardroom as well.
So, a clean slate altogether took place.

The moral/crux of the whole story is, that Shareholders at large, following the decimation they've experienced during the GFC, are beginning to see the lights, and are prepared to start holding Directors more and more accountable for their actions. Not just getting paid by sitting there and only keeping the seat warm while collecting fees, lol.

Now turning back into GBG, IMO the time has come that the Board and/or the Manager/CEO has to come out and tell the market what is going on. Otherwise, they will be written down and comparable to "Nero" when he was playing his fiddle while watching Rome getting burnt to the ground.

Cheers mate,

Buddy