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notice of agm and explanatory statement, page-22

  1. 3,636 Posts.
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    Hey Amg - that's where you and I very much differ, as I feel that all of OBJ's past and present situation is relevant as a publicly listed ASX entity of which I am an owner...names, places, people, old Directors, new Directors, partners, potential partners, disappeared partners, salaries, companies, technology platforms, communications, lack of communications, patterns, behaviours, excuses, truths, partial truths, integrity and the list goes on and on and on.

    Smac, the AU$400K is not 'beyond' the AU$180K, but rather forms part of it and represents the per annum Director's Fees Aggregate Pool only, and from what I can deduct, then makes up only part of the AU$180K for Steve and Tony as an example. The balance, which is the monthly 'Consultancy Fees', can be found bundled somewhere in the figures of the Annual Report. As an Executive Director, Jeff is paid differently and via salary + travel expenses, as he is the only Director currently that is full-time and Executive. The rest of the Non-Executive Directors derive their pay from the Director's fee Aggregate Pool and monthly Consultancy Fees:

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    https://www.asx.com.au/asxpdf/20180914/pdf/43ybvkpp139kcv.pdf
 
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