Good comment.
Before retirement, I was a partner at PricewaterhouseCoopers. I worked with the CIOs, CFOs and audit committees of some of the largest companies in the world. After retirement, I was the Treasurer of our Home Owners Association for two years and the President for four years. I have been invited to join several company boards but declined because I don't want to work any more. I have also been an active investor for many years and I know how capital raises, of the kind C1872 need to buy King's shares, work.
I'm not saying the above to be boastful. However, when I say it is amateur hour over at C1872, trust me, I know what I'm talking about.
Unfortunately, what we are seeing with the governance of C1872 is all too common in member driven organisations. They tend to get taken over by a small clique of activists who think that they, and they alone, have all the answers and it is their way or the highway. They get away with it because the vast majority of members are passive. You need robust corporate government processes to prevent this sort of thing from happening.
The only way to fix the problem is to either vote on new board members and change the majority or have an EGM and clean out the old board completely. Probably the second option is the most realistic.