It is a very clear no for me for the various BOD incentive and reward resolutions.
2.43 million no from me
why am I voting no ● the board has been rewarded handsomely for work done through salaries. ● in the case of the chairman the salary of 4 x asx average is absolutely not warranted given the relative simplicity of LRV. ● 8+ Million long term incentive shares is . . Even at current price approx $ 8m in value amd represents a 2% dilution for 'doing their job'. This sort of scale of dilution is excessive. ● not one aspect of the Long term incentives is 'Long term.' ● not one part of the incentives is based on production and 'exceeding expectations'. Directora are paid a salary and rewarded on all share price appreciation on all existing performance shares (for which there are many multiple millions) for meeting expectations. Performance incentives should be for 'out performance' ● there is a stench of greed for what is predominatpy a lucky investment and some incredible timing with gold and antimony appreciation . . None of which deserves director recognition.
LRV Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
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