Well, whatever the Board of Directors do to the Progen and spend the unnessary fee, Justus, for example, the CEO of Progen, still got paid A$400,000 a year, plus A$200,000 bonus in Year 2008, plus free options.
In short, they don't care simply these are not their own money! (In fact, these money are our money who pay SPP @A$5.47 per share last Year!)