I am not fussed one way or the other whether he is elected as a director or not.Had a chance to email Steve Liebeskind today via email supplied, it took him 2 min to return my email, after having a chat to him I am 100% glad I voted for him. His concerns i feel properly reflect current shareholders concerns, no wonder the Current Directors dont want him on the board. He has a honest concern about the direction this company has taken over the last five years. He will be thorn in the current directors sides I feel. He I feel is chasing accountability at all levels. His concerns are valid ie the unnecessary foreign exchange loss in the last quarter. Which current directors deemed acceptable to loose a couple of million of shareholders money. So quickly swept under the carpet nothing to see here hope no one mentions again especially at the AGM. Give him a yell you may be suprised. The question I forget to ask is would he be willing to instigate a shareholder loss of confidence vote on T Dawe as the IR department head. If Management and directors are not reading the room by the votes already cast well god help us all. I believe PVDM should abstain from this vote. If you have concerns now’s you’re chance, management have clearly shown they don’t give a fuck about shareholders. Don’t be fooled by the uptick in small news items being conveniently released by management to hopefully cool the air at the AGM. AS soon as the agm is over it will be the cone of silence again back to their old routine.
He will be subject to the same rules as the others regarding BOD confidentiality etc.
Directors duty is to the company itself. While this inherently means the long term value and interests of holders a directors primary allegiance is to the company.
Directors are primarily focussed on the big picture issues.