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Old 18th Jan 2013, 06:28
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LeadSled
 
Join Date: Jul 2001
Location: Australia
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Captain Dart,
Far more serious than a personality clash, more issues that go to the heart of good corporate governance, and duties of directors of a public company. AWAL is a public company, the Corporations Act 2001 applies.

The legal action, taken by the President, to preserve good corporate governance, should never have been necessary. It was very courageous of him to take a huge personal financial risk (that costs would be awarded against him, if he lost) in preserving the true interests of the members of the organisation.

At the heart of the matters at issue are new and amended regulations for some Experimental and all Limited Cat. aircraft, that will be highly controversial. They will inevitably be a highly divisive issue for the membership, once the real extent of the proposed regulation is understood by members who are aircraft owners.

Tootle pip!!
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