Just a little exercise comparing INL to APG,given that they are similar in too many ways.
APG mc $60m......INL $5m.
you would expect that APG will have directors/salaries 10 times that of INL's.......you wish.
From the last annual reports you find that APG has 5 directors/managers,whereas our magnificent gang ......well they are magnificent. I counted 10.
Now to the salaries.
APG:
----
M.J.Turbott........$208k
T.Cutherton........$70k
R.Harrison.........$50k
J.Winter............?
M.Smith.............?
INL
----
P.Wood.............$299k
T.Jones............$66k
A.J.Moyes..........$56k
J.Bell.............$52k
K.Rodgers..........$252k !!!
B.Banister.........$143k
D.Sammut...........$155k !!!
A.Tong.............$150k
D.Clark............$111k
D.Purdie...........$155k
Nice little comparison.
Lastly an exerpt from ABG's last annual report.
"Non executive directors have long been encouraged by the board to hold shares in the company(purchased by the director on market or issued in lieu of fees at market price).It is considered good governance for directors to have a stake in the company"
We don't hear this from Intec.
They tell us there is "a ban" or that they are overwieght INL.
Please do NOT insult our intelligence. The average number of shares per director ( apart from P.Wood) is 200K ( that is a misrable $5,000).
To be continued.
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