HYD hydrix limited

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Ann: Annual Report to shareholders, page-7

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PigsMightFly

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25/10/23

02:31

Post #: 70517480
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Originally posted by Smiley77: ↑

WOW. What a farce!!! Get paid $10k just for having the title Chairperson - How many committee meetings do you think they had? Plus having the company pay all reasonable out-of-pocket expenses in doing the role. What does a Silver Service lunch cost at the Opera House again??

Ms Julie King - Non-Executive Director $10,000 per annum for the role of Chairperson of the Nomination
and Remuneration Committee
Mr Paul Wright - Non-Executive Director s $10,000 per annum for the role of Chairperson of the Audit and Risk
Committee

As far as I know, most private and government entities are more than happy for an employee to stick their hand up and do a Chairpersons role without monetary compensation.

And good old Gavin continues to get paid more thatn last year up $10k - Mr Gavin Coote - $667,598

For a business that had $14M revenue, me thinks $10.9M in Employees expenses is friggin high. Pg 53

$250k Travelling Costs. My bad above about the Opera House lunch. Sorry it mustve been a trip to Melbourne for the Melbourne Cup with prime seating.

Gotta love this heading - Remuneration Philosophy. Page 30 Annual Report 2023. The last philosophy I read was by Socrates. Pretty sure he wasnt asking for money when he did his talks. I could be wrong.

Expand

Nobody take on extra roles for free. $10K is about the absolute minimum payment you would expect anyone to accept for a Chairperson.

The King family sunk tens of millions into HYD a decade ago when it was PSY.

https://www.copyright link/opinion/king-goes-gangnam-style-20131119-ij8xd

HYD Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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