Nick Burton Taylor, the second-largest shareholder, says a board spill is consuming and costly, and the company should be focused on improving its performance.
Booktopia major shareholder and former director of AACo, Nick Burton Taylor, says he was shocked by the partial board spill motion.shareholders can be “rightly disappointed that they were misled” by both parties that stated recently they had reached agreement about Mr Nash’s role in Booktopia.
Mr Nash hopes to remove non-executive director Su-Ming Wong and chairman Christopher Beare, and any other person appointed to the board between now and the end of the EGM, except Ms Cheadle. Mr Beare declined to comment. “Indeed, Mr Nash went so far as to indicate that he was not the appropriate person to lead the company in the next phase and that he would be looking forward to working with a new CEO.”
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