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Rugby League
Brisbane Broncos Talk
Bellamy - 10 Year Deal
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[QUOTE="Kooly87, post: 3191263, member: 9326"] It's virtually impossible to be fired from a Company Director role in Australia for poor performance. The ABC only a week or two ago put out an article that provided data to demonstrate that there was basically no correlation in Australia's top 300 companies between executive and directorship salaries and company performance, so essentially they were getting similar results whether they paid top dollar and recruited elite Directors or not. The only way to be removed is realistically for improper or illegal conduct or being voted out by your shareholders or fellow board members. Now as I've said before, if Lachlan Murdoch and News are essentially invested in the Broncos for emotional reasons and it's just a play thing for them, and as a multi billion dollar organisation they simply have much bigger things to worry about day to day, then it is exceedingly unlikely that they would be agitating for change at a board or management level. The evidence is pretty strong that this is the case because the facts remain that we are a publicly traded company and they own nearly 70% of the club and if they had any desire to bring about change they need only have bought it to the AGM mid year or to even call for an extraordinary meeting. They hold all the votes necessary to form whatever majority they see fit and there is literally nothing stopping them filling the board and club management with any individual they see fit provided they are legally allowed to serve on a Board of Directors within Australia. If the people on the board and running the club are STILL here then it is because News Ltd want them to be here. [/QUOTE]
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Rugby League
Brisbane Broncos Talk
Bellamy - 10 Year Deal
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