Accepting "high risk high reward" in the "speccy end of the...

Accepting "high risk high reward" in the "speccy end of the market" DOES NOT MEAN managenent can get away with focusing just on "CR and ensuring their salaried" as you say. There are regulatory obligations to put LEGAL responsibility on the BOD to ensure value for SHs FIRST. Yes, LEGAL responsibility and NOT OPTIONAL respinsibility which precent to then only leave SH (decision to invest) to be blamed for failure and be left with "option" of "moving on". Surely you knew this public investment 101 stuff!