Not really surprising
Asia Energy's plight in Phulbari was perhaps not very surprising for experienced observers. It is a company that is solely based on a single project in Bangladesh. In other words, all their eggs are in one basket. Unfortunately, the board of the company does not consist of a single Bangladeshi and the board members are mostly pooled together from the mining sector.
In order for a company to be successful in an international operation it is imperative that the board should consist of members from diverse fields of experience and expertise. Most important of all, it must have representation from the country where its operation is based, in this case Bangladesh.
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