RE: Interview4 Mar 2022 17:03
This post from Tommymech didn’t get much traction today but all the same it could have some validity. Although I would have expected some hint during the interview held today if I am honest.
Tommymech
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Coyle has his arms full with Russian issues elsewhere?Today 08:41
This is speculation of course but with all of his other non-exec positions with banks, finance and other large outfits I'm guessing that Jim Coyle is going to be up to his neck in governance issues when all those entities have to start revealing their Russian business links. I'm not for one second suggesting that Coyle has done anything wrong but it is the non-execs jobs to keep a beady eye on governance and some of those banks, finance institutions (etc) are going to be answering some difficult questions re Russian monies very soon and there will, in the not too distant future, be a spotlight on how the non-execs have performed their duties. Some Non-execs are suddenly going to become very very very busy and SYME is just a minnow for a player of the calibre of Coyle whose time is going to soon become very precious.
I think this a better explanation for Coyle's sudden departure. They wouldn't say 'J Coyle is leaving because the poo is about to hit the fan big time at a number of companies where he is a non-exec' would they?
I am not for one second saying the Coyle has done anything wrong just that he is going to be spread very thin over the next few months to a year (or more) in doing his job as a non-exec at somewhere like HSBC for example (it will be interesting to see how HSBC comes out of the Russian situation).
..... alternatively, it could simply be that Coyle has read the runes regarding SYME and decided to bail.
Personally, knowing something of the fallout that is going to happen in the banking/finance world when the extensive Russian/Putin/Putin proxy links start to be revealed to the investor press, I think the former reason is actually the dominant/driving factor for this event and once more, I am not suggesting that Coyle is in anyway in the wrong where his other company non-exec activities are in question.