Pretty sure we agree entirely then Titan 404, only last thing I realise I should clarify is that this was my first full-time job and as such there were a lot of other newbie pilots there as well, which was one of the main reasons the Chief Pilot wanted things like this brought to his attention first to make sure it was dealt with correctly, it was an oversight thing, not some kind of dodgey don't log safety issues things. So not so much an "Organisational Problem" as a recognition that newbie pilots don't always have the knowledge and/or experience and need experienced persons to help and guide them to make sure issues that pertain to safety are dealt with appropriately.
And he was mainly reamed out for not reporting it to anyone as you agreed was a big issue.