SPR 1.63% 60.5¢ spartan resources limited

Yes, it’s all a bit too cosy at board level.To management and...

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    Yes, it’s all a bit too cosy at board level.

    To management and non-exec directors: “Here is our recommendation on incentive plans, which look quite achievable”.

    Board members back to Delphi: “OK, thanks. I think we all agree that we should disagree with what the independent expert says on your royalty. Have it anyway, despite his recommendation”.

    I think it’s still possible to be very impressed by what SL and his team have achieved over the last 2 years, but pretty unimpressed by the governance implications around the royalty decision…


    Last edited by hongkie: 07/03/24
 
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