A new Low, page-24

The Board will accept responsibility, by default!! The Ling dynasty own a considerable chunk of the stock, dating back to the founders in HIL.
I reckon the founding fathers are turning in their graves at what has happened to this once proud Australian company.
For sure, products and markets evolve and mature. Any half-way competent Board should and can adapt to these changing times, sadly the Board had failed their shareholders (owners) in this respect.