AYO unknown

DIrector's pay increase

  1. opt
    193 Posts.
    I note that resolution 10 in the upcomming AGM is to increase remuneration payable to directors from $50k to $250k per annum including the previous financial year.

    Does anyone else think this is a bit suss?

    I'm not sure whether this is for the board as a whole or for each director individually.

    Given the current state of the share price and the lack of direction from the board I think that a pay increase, not to mention a retrospective one is over the top. Yet another example of the shareholders getting fleeced by an unaccountable board.

    Oil Patch Trash
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