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CSD 25.0¢

Board Renumeration

  1. qqqqqqqqq

    8,119 Posts.
    93
    As per announcement dated 2nd February 2015:

    New remuneration packages before bonuses and incentive payments of which IMO there will be plenty forthcoming



    Mr Alex Tsoi
    Mr Tsoi has signed an executive service agreement with the Company for the provision of his
    services as Joint Executive Chairman. Mr Tsoi will receive total fixed remuneration (TFR) (including
    superannuation) of $181,500 per annum. In addition Mr Tsoi may be entitled to receive additional
    short term incentive payments of up to 50% of his TFR.
    Mr Tsoi’s TFR will be reviewed by the Board in May of each year, and the Executive may be entitled​
    to receive further performance based bonuses at the discretion of the Board.

    Mr Martin Cai
    Mr Cai has signed an executive service agreement with the Company for the provision of his
    services as Finance Director and Chief Financial Officer. Mr Cai will receive total fixed remuneration
    (TFR) (including superannuation) of $345,000 per annum. In addition Mr Cai may be entitled to
    receive additional short term incentive payments of up to 50% of his TFR.
    Mr Cai’s TFR will be reviewed by the Board in May of each year, and the Executive may be entitled​
    to receive further performance based bonuses at the discretion of the Board.

    Mr Ralph De Lacey
    Mr De Lacey has signed an executive service agreement with the Company for the provision of
    his services as Joint Executive Chairman. Mr De Lacey will receive total fixed remuneration (TFR)​
    (including superannuation) of $181,500 per annum
    In addition Mr De Lacey may be entitled to receive additional short term incentive payments of
    up to 50% of his TFR


    Mr John Banning
    Mr Banning’s TFR has been increased to $368,000 (inclusive of superannuation). All other details
    in relation to his executive services agreement remain unchanged.
    Pursuant to his agreement Mr Banning may be entitled to receive additional short term
    incentive payments of up to 50% of his TFR.

    DYOR and look after your money and interests as it is clear IMO that many others surely are...​

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