Four people suddenly deciding other interests are more attractive seems an interesting coincidence to me.
When some of these people may well have been free to follow these interests without distancing themselves from Minco, it would be interesting to know why four people have chosen the last month or so to do just that.
Perhaps questions should be directed towards the two remaining non executive directors and/or audit committee who presumably have a legal duty to inquire into the circumstances of the departure of the CEO, company secretary and two other non executive directors to ensure that there are no issues which give cause for concern, and particularly which led them to resign.
Questions could also be directed to the external auditors, who have a duty to the shareholders. The auditors should be asked to make enquiries into the circumstances behind this spate of resignations during the course of their audit activities, as shareholders clearly will have an interest if there is any common cause behind them. Certainly letters to the auditors from shareholders will focus their mind very carefully during their audit, as if anything skeletons do come out of the woodwork later, they will not want letters waved at them in court asking why did they not make detailed enquiries during their audit when the concerns of shareholders were raised.
no advice intended.... I hope there are no causes for concern....
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