'Thylacine-2' pid='36747' dateline='<a href="tel:1390978 Wrote:No, sfiaes, I don't share your views on the IPI matter at all. My view is that Hession and his crew are able to run the business without our input. And that venting our anxieties, if we have any, on SHU is in direct opposition to the purposes of the board. The main purpose of the board, as I understand it, is to work together in a group learning endeavor, exchanging information and reasoning together about IOC. It performs that role admirably. There used to be a "no whining" rule on the board. I'd like to see the moderators bring that apparently moribund rule back to life.
Exactly Thylacine. Hession's job is to run the company. He answers to the BOD, not day to day questioning by any shareholders who think THEY somehow have him on a string. Many of us work for companies who have shareholders and a BOD. We answer to our BOD as far as operating the company and give a report periodically to shareholders. The BOD approves the budget and plans presented by management but even they pretty much stay out of day to day operations. We at times tell a board member that they are meddling if they start crossing lines if we feel they are trying to dictate too much. At our monthly Board meetings we report to them what is going on and if there are any issues, we deal with them then. That's how it has to work. Shareholders have their say at the annual meeting when they vote on certain matters, including the BOD elections.
Shareholders should have little or no direct access to the CEO. In fact some who used to have access to PM (because he at times ran IOC like a small business) have basically zero access to Hession. Large institutions have some access. But anyone here? Good luck. That's they way it should be.