Ann: Annual Report to shareholders, page-3

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tankhexman

498 Posts.

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14/10/23

10:52

Post #: 70341843
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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.

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''The performance of the company depends on the quality of the company’s directors, executives and employees and therefore the company must attract, motivate and retain appropriately qualified industry personnel.'' if the performance of the Co is the litmus test Q.E.D it speaks volumes to the quality and direction of the Board. IT should have said "we are tired and its a good life style even in the absence of good business decisions so give us more $ so we can dribble on until we get lucky and in the meantime we will pay our staff well because if they leave we are really and truely rooted"
HYD Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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