I have worked for various construction companies around the world for the last 15 years and currently work for a large construction company in Australia.
The Board has a negligable effect on the winning of tenders or delivery of projects which determines the success of a construction company.
Less board members means less costs and lower risk of a bad assets being purchased.
Let these 3 positions remain vacant and the remainder of the board squabble with the largest shareholder leaving the bid managers and construction managers to keep moving the company forward.
I doubled my holding of LEI at a bargain price on Friday.
LEI Price at posting:
$20.20 Sentiment: Buy Disclosure: Held