Shareholders are tiring of exhorbitant remuneration of of company directors. Dissention appears to be escalating at NST with the following key observations of their executive Chairman, Bill Beament, at yesterday's AGM
- Beament received a $28M bonanza with, yet another, exercising of performance rights. Gifting him 3M shares.
- A massive 41% (up from 11% in 2016) of protesting shareholders voted against Beament issue of a further 535K performance rights
- Beaments base salary (excluding rights and every other benefit) increased from $755K to an unbelievable $1.4M. Up ~90%
- Additionally Beament will receive a short-term incentive bonus where he can receive up to 113.75% on top of his fixed remuneration as 50/50 cash/performance rights, or all performance rights
- In FY2019 Beament can earn up to $7.2M
Wow!!!! I, for one, fail to see how any Director can consciously justify these amounts of money.
Directors are charged with having their shareholders best interests ahead of their own. I suppose in 2020 we will see if company growth exceeds Beament's remuneration growth!
Shareholders are tiring of exhorbitant remuneration of of...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NST (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.79 |
Change
0.290(1.76%) |
Mkt cap ! $19.30B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.14 | $16.78 | $60.45M | 3.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2844 | $16.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.80 | 2886 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |