I am in no way an expert, just a dabbler, but I like to think I know when my chain is being pulled.
This company has had by their own admission and extremely difficult year, with poor results and almost comedic mistakes. Although non-executive Directors can hardly be blamed for the "fish kill", they are responsible for making decisions that will create value. I can't see much evidence of that, only evidence to the contrary.
So on what basis should shareholders vote a 20% increase of remuneration? The excuse is to 'remain competitive'. Their mix of 'skills and experience' should also remain competitive to put a hand out for such an increase in my opinion.
For the first time ever I will vote as a shareholder at this AGM.
CSS Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
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(20min delay)