Mr Jury Wowk was appointed as a non-executive independent company director on the 15th of February and joint company secretary. His appointed was accompanied by a statement announcement ABQ's intention to strengthen the board...
NOW SOMETHING BELOW ON THE ROLE OF NON-EXECUTIVE COMPANY DIRECTORS... * Strategy: Non-executive directors should constructively challenge and contribute to the development of strategy.
* Performance: Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring, and where necessary removing, senior management and in succession planning.
* Risk: Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible.
* People: Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing, and where necessary removing, senior management and in succession planning.
Mr Wowk resigned as both director and company secretary on the 10th of April ( 2 months later ) with no reason given. What does this tell us ? Why did he resign ? Did he not like what he saw ?
ABQ Price at posting:
$1.50 Sentiment: None Disclosure: Held