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20/09/18
23:57
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Originally posted by blurrt
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You raise some good points. Let us all not forget recent history at this AGM.
As the board so eloquently made clear several times, some members have only been in the role mere months so it is essentially a new board. My view is we need some tangible results, not necessarily massive but results nonetheless prior to us being able to approve remuneration changes.
I believe in competitive remuneration as well as additional remuneration for results. I think we need to remind the board of the exceedingly poor outcomes for shareholders due to previous board incentives not being equally aligned for shareholders. Sure, that was the old board (mostly) however the current outlook and wariness of share holders is a direct result of that.
Many of us here have holdings well in excess of several million, that, if necessary could collectively wield some clout to "align" our interests. I think this board is smart enough to not wake the sleeping giant....lest they create a great disturbance in the force.
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And be careful of the manufactured price sensitive announcement released a few days before the AGM as was the case in 2017 : https://www.asx.com.au/asxpdf/20171106/pdf/43nzn2wbt4x7ll.pdf (a rehash of scientific results that were already firmly established in 2013).