The answer to the appointment (or otherwise) of a CEO is contained in the Corporate Governance Statement:
"The Board recognises that it is desirable for the Chair and CEO to be different individuals however the Company’s current size dictates that this is the most efficient mode of operation at the current time. The Board will review the appointment should the Company’s size and growth warrant this."
Types of Disclosure
"Examples of formal releases of material information include announcements concerning significant contracts or major projects which will have a material effect on the price or value of company securities, joint ventures or changes in joint ventures, key management or Board changes, and acquisitions."
So the questions are: has the CEO search been terminated and does Peter Delaney still have a full-time position with OIL? The BOD has been silent on both questions.
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The answer to the appointment (or otherwise) of a CEO is...
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1 | 23529 | 0.034 |
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0.045 | 93965 | 2 |
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0.049 | 225000 | 1 |
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