Shareholders of Hunter Hall Global Value Limited (ASX:HHV) may have heard that I have today tendered my resignation as a director of WAM Capital Limited (WAM).
The decision to resign was a difficult one and one that I have reluctantly made given my longstanding appointment as a WAM director.
Having considered WAM’s operations as a whole and the current business environment in which it is operating, I have reached the decision that the differences of opinion between Wilson Asset Management Pty Limited as the manager of WAM, and HHV as to the future direction of HHV, mean that my role as a director of WAM may provide a distraction from the issues that the business has to address to ensure that the best interests of all shareholders are protected.
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