Let's be very clear on the history here Zaij, as I would hate...

Let's be very clear on the history here Zaij, as I would hate misinformation to not go unchallenged.

There were two shareholder groups opposed to the Macquarie deal; the best organized and the one with easily the largest support was OptionCo, who it can be said effectively scuppered the SoA with the support of the CPSA. OptionCo always supported Cottee and the management team, and Cottee was not included in the s249 to replace the other board members. To suggest it would have been better to have "less shareholder involvement in that situation" is trying to suggest it would have been better for the Scheme to have succeeded.

The other shareholder group was New Direction, a small, inconsequential and rather poorly managed effort by founder John Heugh to try to take back control of the company. This group did want Cottee removed, but had such a small support base it meant very little anyway.

Ex-Chair Hubbard and the board appointed the current Chair, and when Hubbard rightfully stood down, it was the board that independently removed Cottee.