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clock Created with Sketch. 15/03/19
09:01
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Originally posted by janwl:
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I place a lot of importance on Corporate Governance and these multiple revisions over the last 4 months cause me great concern. This further erodes my confidence in the Board because it looks like they have treated it as a box ticking exercise.Corporate Governance Statement for the year ending 31 July 2019 has now had 3 amendments (29 Nov 2018, 13 Feb 2019 and 14 March 2019) to the original version dated 31 Oct 2018. So it took the Company Secretary and Board four times to get this one right!not have: a Board skills matrix (recommendation 2.2); a Risk Management Policy nor completed a full risk assessment during the year ending 31 July 2018 (recommendation 7.2); or a Risk Management Strategy for material exposure to economic, environmental and social sustainability risks (recommendation 7.4)? All corporate governance infrastructure that should have been in place years ago.Appendix 4G has now been submitted 3 times to ASX (31 Oct 2018, 13 Feb 2019 and 14 March 2019). The last two looks like they were to correct misleading information in the original version. So it took the Company Secretary and Board three times to get this one right!"If you can't do the little things right, you will never do the big things right." - William H. McRaven
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I'm not sure the board could lose any more credibility. It's a bunch of amateurs, some of them trying and some not.
(20min delay)
