The job of Director these days is a very heavy one, more so the chairman. The Board is there to protect the assets of the shareholders, to ensure that the company is operated within the law and to ensure that the principles of good corporate governance are followed - that means the process by which decisions are made and most importantly, to ensure the risks are understood and managed.
Which would beg the question what they are smoking at QF?
You can only assume that the board is following the direction from the major shareholders. I couldn't see how their strategy protects the assets of the shareholders.