This is a very common story on the ASX. Directors decide to remunerate themselves way above what is deserved at the current state of company development, and shareholders are too lacking of the genitals to vote against a clearly disproportionate pay structure. In most cases retail shareholders don't even bother voting on any measure.
If you see this as unfair, use your power as shareholders and vote against the remuneration measures. Don't just sit on your hands and hope others will vote for you, or you end up with Trumply results. The directors wont bolt or work any less hard just because they're only being luxuriously remunerated rather than being ludicrously remunerated, if that is what you're all scared of.
They can begin receiving these incentives when the company valuation is 3-4x what it is now, then it would be deserved.
This is a very common story on the ASX. Directors decide to...
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