afr cdu, page-3

The loophole is based on an amendment made to listing rule 10.14
to quote the AFR:

"Previously, companies that decided to award their chief executives options had to seek shareholder approval.
The amendment allowed companies to issue options over existing shares that the company then went out to buy, without disclosure to the market. The share package becomes part of the renumeration package which is subject to a non binding shareholders vote up to a year and a half later"

Didn't say for which executive/director, and Wayne McCrae didn't respond to questions from the AFR.

CDU shareholders will find out when the renumeration packages are disclosed.