Ann: Notice of Annual General Meeting/Proxy Form, page-3

7.1

The maximum aggregate amount of fees payable to the non-executive Directors is currently set at $350,000.
Resolution 9 seeks Shareholder approval for the purposes of clause 15.8 of the Constitution and Listing Rule 10.17 to increase the total aggregate amount of fees payable to non-executive Directors to $500,000.

Why would they need to do that aside from aligning to be "similar companies listed on ASX" ? Insights anyone?

I want to see a company being frugal with its cash, not lining executives pockets, pre ongoing and repeast cash flow and month-on-month cash in the bank...