Why would Directors forgo fees which would be money in the bank? Two reasons:
1. Paying the fees might possibly be putting a dent in cashflow
2. They must believe they would be better off with this deal
The 1st reason is not encouraging if thats the case, but the solution is a win/win for Directors & SH's - and with the half yearly out shortly as I said they must believe they will be better off.
Cheers, Sharks
Ann: Directors Fee Forgiveness and Management Share Offer, page-16
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