07-19-2014, 08:48 PM
One cog in the wheel often overlooked is that management does not report to shareholders but to the Board as far as the hierarchy goes. The Board hires and fires the CEO and sets basic policies. They also are the ones elected to Board positions by the shareholders. Byker is one of the top shareholders between the BOD and management. If shareholders don't like how management is handling reporting/updates they need to be included in the "complaints" loop. Most Board members value their position with the company very highly. If they are properly kept in the loop and do nothing, they can be gone no later than the next AGM.

