Clause 201A(2) of Corporations Act states "A public company must have at least 3 directors (not counting
alternate directors). At least 2 directors must ordinarily reside in Australia."
Executive director or independent director or non executive director or executive chairman or non executive chairman are fancy titles that are depending on individuals choice and duties etc. As far as legality is concerned it is legal for Forge to have four non executive directors.
The reference to the executive chairman in the yearly report etc., was the one that gives the game away. Shows the ego of the visionary.
As for remuneration, if they can physically do it, the directors can issue the whole moon as the remuneration. After all they pay only as per the market rates don't they?
Incidentally, moon has a lot of minerals. Probably NASA is the place for our visionary as NASA needs a vision.
stop this nonsense - petition an egm, page-59
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