Remuneration is always a very difficult issue for a board.
Should PC be held accountable for the fall in revenue due to world POO falls? Being paid a bonus for reducing the controllable costs and managing the balance sheet might be fair and reasonable. In the commodity business, the revenue side is often out of the control of a company. All that a business can do is manage costs and replace reserve depletion.
IMO, I am happy with the current remuneration packages.
HT1
1st strike on remuneration, page-3
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