Hi @Jake12330,
Yes, yes. It is not only a valid point, but a correct point. ( @Novac )
And I see that you are enthusiastic about repeating mistakes of the past.
IMO, not a correct point.
Now I see that the vesting criteria are all about SP.
Criteria that most SH would be happy to see achieved (and vesting occur) within 3 months, not 3 years. Indeed they were happy to see these vesting conditions achieved 4 months ago.
( Closing SP, 20 June 2024, $0.50. Class A (500,000 Performance Rights) ).
While relevant to SH, it seems to me that over/under performance by said NED, will have negligible effect on SP. If I am wrong, please cite a case where this has occurred elsewhere.
IMO, to be an effective directive to the non-executive Director the ‘Performance Rights’ criteria must be expressed in outcomes under his direct influence or control. It is confusing to benefit (or not) by the performance of others.
Happy to discuss further.
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