Roger Clarke was leader of a Board that has been asleep at the wheel for years.
He deserves no praise for taking the company from valuable to next to worthless.
Clarke and the Board gave Mercer way too much reign and never got on top of what was required.
You wouldn't believe that people with so many letters after their names could be so stupid and irresponsible and derelict in their duties to shareholders.
The Board members will still get their $10,000 per meeting (each) so clearly their pay is not related to performance. They just turn up, scan the meeting papers, say a few words to display some interest, vote as per the recommendations, join the senior staff for wine and cheese and small talk after the meeting, and next day check that their bank balance is $10,000 higher.
A disgusting use (abuse?) of privilege and company funds.
If shareholder funds didn't end up at QUT there were many others with their snouts in the trough, all while Clarke and this Board were in charge.
Incompetence personified.
