Ann: Update - ASX Enquiry, page-93

Hey2 maybe in wallowing through the turgid response announcement to the ASX  my eyes glazed over and I missed the vital bit where it says, as you claim, that "Clee & Co which includes SS have agreed to bring in on the board Industry directors and move aside in the interest of bring the full potential of HDY"

Now as I read a portion of that penultimate paragraph on the last page it seems to say this :

"Beyond engaging with all parties in order to implement a solution to remedy ASX's immediate concerns, the Board in 2019 will be appointing an independent corporate governance expert and wishes to seek recommendations from the ASX as to the scope of the corporate governance expert's engagement".

There is no indication that Clee and Co will be stepping aside. In fact it would appear that the Board will be making the choice of a "suitable " expert. I think you have made a leap too far unless you have some other portion of the announcement that you can identify that I should cast my weary eyes over to be better informed. Thanking you in advance.

Certainly the last sentence in that penultimate paragraph indicates that the "Board is open to appointing additional independent directors ." but that still does not mean that anybody of the current Board is going to be stepping aside. Nor does "being open to" actually mean that they are going to. Nor is it likely that anybody that is appointed will be all that "independent" As another poster observed it would merely mean more expense with more snouts in the trough.