Smashed at close, page-110

Sholders need to think about this company a little more carefully so it seems. In light of the company's governance, risk and compliance, which self-respecting sholders will grant management a bonus today? See article below $800K AUD.
Unbelievable that the ex-politician from Woollahra Council, Deborah Thomas, whom the media characterised in articles earlier in this thread as missing meetings, attending 9 out of 16 and other issues, now thinks AAD sholders should give her a $800K bonus. For what exactly? A SP falling apart, a Chairman leaving, the maintenance record of AAD?
I think the CEO should get the Foxtel subscription or whatever it is in Australia and pay attention to the news on her company.
If she thinks she is in line for a bonus, that is governance, risk and compliance in a sewer. See below:
What sholders will allow that? AAD is fast losing morality and sholders need to think about the morality of AAD and its "governance" and management accountability.
www.news.com.au/finance/business/other-industries/ardent-leisure-ceo-in-line-for-800k-bonus-at-dreamworld-parent-companys-agm/news-story/1c2280560bc63e10b84bb8f532a7fec1
Ardent Leisure CEO in line for $800k bonus at Dreamworld parent company’s AGM
OCTOBER 27, 20168:26AM
LESS than two full days from the Dreamworld tragedy that gruesomely killed four of the park’s visitors, executives from the theme park’s parent company will meet to decide their annual bonuses.
Ardent Leisure’s annual general meeting is scheduled to go ahead on Thursday as the theme park operator’s shares continue to tumble and it faces intense scrutiny over the fatal ride malfunction at Ardent’s flagship Gold Coast operation.
The company’s board and its elusive CEO Deborah Thomas will gather to face investors in Sydney.
Ms Thomas, a former media executive who gained a public profile as long-time Australian Women’s Weekly editor and raised eyebrows when she was appointed to the property company’s top job in April last year, is said to be up for a six-figure bonus.
Before Tuesday’s disaster, Ms Thomas was expected to pocket a bonus $670,000-$860,000. Consideration of Ms Thomas’ reward is on the agenda for this morning’s meeting.
Following a successful modelling career, Ms Thomas was the face of Australia’s highest-selling magazine for more than a decade and often appeared as a television commentator and MC at public events, but the Ardent boss is yet to make a public appearance in the wake of Dreamworld’s fatal accident. She travelled to the Gold Coast yesterday, but failed to address the disaster.

Deborah Thomas was a model and magazine editor before becoming CEO of Dreamworld’s parent company Ardent Leisure.Source:News Corp Australia
The glamorous executive will face a media pack demanding answers about the theme park which represents almost a third of Ardent Leisure’s earnings.
She is expected to speak about the tragedy after Thursday’s AGM.
As police continue their investigation into the accident that killed Canberra mother Kate Goodchild, 32, her brother Luke Dorsett, 35, his partner Roozi Araghi, 38, and Sydney mother Cindy Low, 42, Ardent’s share price has been plummeting.
The leisure operator’s shares dropped 15 per cent to $2.00, on Wednesday, a day after losing 7.8 per cent in the hour after the tragedy.
Shares have dropped by a total of 67 cents since the accident, wiping more than $310 million from the company’s market capitalisation, to almost $940 million.
Questions remain over Dreamworld’s safety operations and what caused the usually family-friendly Thunder River Rapids ride to turn into a death trap.
The Australian Workers’ Union, which represents Dreamworld staff, has said it took safety concerns to Ardent as far back as April 2015, and even submitted right-to-information requests with the division of Workplace Health and Safety.
It has emerged Ardent sought to block the release of 143 pages of critical information relating to ride safety and inspection in response to the AWU request. Emergency service personnel inspect the fatal ride at Dreamworld on Tuesday.
Documents eventually released to the AWU reportedly include complaints about rides being covered in rust, cracks and chips with tape used in some areas. One claims a passenger “ripped open” his knee on a rollercoaster while another claimed to have got his foot and neck stuck between a partition.
One note from an October 2012 inspection found that air compressor units on rides — including the Thunder River Rapids — were deemed “not fit for service” while some needed repairs and replacement parts.
It is unclear what caused Tuesday’s incident.
A spokesman for Dreamworld said specifics of what occurred are subject to a coronial investigation.
But Ardent has insisted the Thunder River Rapids ride involved had completed its annual safety inspection on September 29, and the park was fully compliant with all required safety certifications at the time of the incident.
Dreamworld will remain closed until Friday and police have warned their investigations into the accident could take some time.
Ardent CEO Deborah Thomas is yet to speak publicly about the incident.Source:News Limited
The park will reopen on Friday with a memorial day, with proceeds from the day to be donated to the Australian Red Cross. Only small rides, animal attractions, and the water park will be in operation.
Forager Funds senior equities analyst Daniel Mueller said the indefinite closure period made it difficult to estimate a financial impact on Ardent.
Fellow theme park operator Village Roadshow, which runs neighbouring Gold Coast attractions Sea World, Warner Bros. Movie World and Wet’n’Wild, has also suffered with its share price dropping 23 cents, or 4.4 per cent, to $5.02.
— With AAP