The agreement evidenced by the accompanying correspondences date 16 November 2015 between Milner and Mark just beggars belief . How could BOB’s directors agree to such an unconscionably uncommercial arrangement and at the same time extend the CEO’s notice period from 6 to 24 months . Nowhere , absolutely nowhere , in the commercial world would such an arrangement ever be contemplated . One could ask how evidence of this correspondence , the associated CEO Employment Agreement , and CEO Mark’s group certificate indicating his remuneration for year ended 30 June 2016 of $3,562,325 has leaked out .
Someone in there is unhappy ! One could only ask where was Grand Master Bacon as a director of BOB , where was then vice President Wiltshire , where was chairman of Audit and Risk Aronis , where was Christensen , and where was in house legal counsel Tavoularis , when this was allowed to occur ?
What else , yet undisclosed , such as Aronis signing off on the payout of the lease on Milner’s 740 Series BMW , has been waved through without any indication of their attention to their fiduciary duties as directors ?
One could also well ask why didn’t the ‘ intensive ‘ non independent investigation into BOB’s affairs which Saunders and his bunch undertook , consuming ‘ hundreds of their valuable hours ‘ unearth this fleecing of the members’ funds , and if it was , why was this not disclosed to the membership ?
Clearly , this was all part of the grand cover up ! If this is not compelling evidence of the need for the long sought after independent forensic audit of both BOB and UGLQ into their appalling governance , I will rest my case .
While at it , the governance process surrounding BOB’s largesse in its recent distributions to Guide Dogs ( Saunders is a director and it sounds a bit like protection money) ,and to Hervey bay Marine Rescue( Gary Mark’s stamping ground ) should be reviewed .
Here is the detail