Director bonuses

Extract from AFR article today:

"....
Australian Super wants more disclosure

Andrew Gray, head of environmental, social and corporate governance at AustralianSuper, the country's largest industry super fund with $100 billion under management, said while he was "highly supportive" of certain non-financial targets, senior executives should not be entitled to a bonus just for doing their job.

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and remember this from EGO AGM last year?   --


6. Resolutions 7, 8, 9 and 10 - Issue of Shares to Non-executive Directors
6.1 Background
Resolutions 7, 8, 9 and 10 seek Shareholder approval for the issue of:
(a) $25,000 worth of Shares to Mr Antonino (Tony) Iannello;
(b) $25,000 worth of Shares to Mr Stuart Brown;
(c) $25,000 worth of Shares to Mr Philip Garratt; and
(d) $25,000 worth of Shares to Mr Brett Heading.

Approval is being sought from Shareholders at the Meeting under Chapter 2E of the Corporations Act and Listing Rule 10.11.
The Board considered the level of work performed over the past 12 months, including a major transaction with ERM, a capital raising, as well as the deliberation over a number of initiatives put in place over the year. Given the unusually high number of Board meetings, and time expended on these matters, the Board is of the view that a modest additional payment of $25,000 to each Director, and to former Director Brett Heading, is warranted. To conserve the Company's cash resources, the Directors, and Brett Heading, have agreed to accept this payment by way of shares, subject to shareholder approval. If the payment had been awarded in cash, the Board would have been able to accommodate the payments within the Directors' fee pool.

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if ERM had not used its almost 20% in the vote, then those resolutions probably would have failed.

maybe MIN will show some .... and bring this largesse into line?