To put these comments into perspective its Important to remember that Phil is not an Executive of the company he is a Director who has been elected by the board to be their Chairman.
The boards roll in setting the strategic objectives and overseeing management's performance a few times a year is quite distinct from managements roll. A good board does't interfere with the day to day stuff,
VMT is one of those fortunate companies where the Managing Director is the biggest shareholder. When we take the fact that Charles wears three hats. Biggest Shareholder - Director - Chief Executive into account its pretty obvious that the board would be strongly influenced by him when it comes to formulating Strategy.
I'm sure that Charles when confronted with the ASX requirement to have Australian Residents on the board, hired Phill because of his "corporate doctor" credentials and was influenced by him in making the Strategic Change to exit Power Eagle and exit direct manufacture and concentrate on R & D and International distribution.
I'm also sure that Phil would realise that he is the hired hand and is there to assist Charles and ensure that the company is a good corporate citizen in terms of corporate governance.
