EGO Directors engaged, at a cost of $17,500 Remuneration Strategies Group PTY LTD to provide advice to the Board (Remuneration Committee) to provide general remuneration advice as an input into decision making only. In addition:
The CEO had his contract changed to extend the notice of termination to six months (from 3 months) with financial penalties attached. This is outside normal industry benchmarks where the three months notice applies which was the case in the CEO's contract. The questions are these:
When was the Contract amended;
Who requested the amendment;
Why was the amendment made, and
What benefeit is it to the Company?
EGO Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
