CVI 0.00% 0.3¢ cvi energy corporation limited

agm appointments, page-2

  1. 9,445 Posts.
    1Bacchus
    I'm not sure what may lead you to believe that Ian Egan is excluded.

    Item number 4 on the Agenda asks for an increase in directors fees from $90,000 per year to $240,000 per year.
    A 260% pay increase based on the current number of directors (although, later in the report it request an increase from $150k to $240k.)

    The $240k is a pooled amount so the board will determine who gets what. Egan's remuneration will come from that $240k.

    Fees for any extra directors will also come from this $240k amount.

    The vast majority of MS's remuneration is not included. The way I understand it he gets an additional $380,000 on top of this.
 
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