Many commentators have raised the issue of ALF's investment...

Many commentators have raised the issue of ALF's investment strategies (long/short, domestic/overseas, etc). Clearly these decisions are a matter for the board. In this context, how is it acceptable that the CIO of ALF is also the Chairperson of the board of this publicly listed entity owned by us, the shareholders? The CIO must get direction from the board on matters of strategy!!
At the very least, arising from this present debacle, JB must give up the chair and the board appoint a highly reputable independent person and sufficient independent members to provide the independent guidance we as shareholders deserve.
It is also not good enough that the CIO presents the company's half yearly and annual reports (as with WMK!!!!).
The independent chair and board members are those responsible to us shareholders, not the CIO.
That is my view as a simple punter, or am I missing something obvious?