I don’t really understand any of that document but sounds like they want to remove the regulatory cap on payouts for retirements and terminations ? No cap so payout can be whatever the board deem suitable ????
why we fund a retiree if he decides to leave before his interests vest???
why would be remove a cap on termination payments??
sounds a bit like Horst and Francis getting ready to ride off into the sunset with monster payouts ???
please correct me if I’m off here, like I said I don’t understand that document at all.
Ann: Notice of AGM, Cover Letter to Shareholders and Proxy Form, page-7
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