The same thought had occurred to me, but I will reserve judgment until the Australian Shareholders Association has had time to assess the proposed award as these matters are complex. My skillset does not include the assessment of performance rights grants.
Recently, QUB had a 'first strike' and yet like GNC it's generally a well run company with a very pleasant, understated MD who I've met once, although not recently.
Without commenting on the GNC proposal, sometimes Boards and by extension CEOs fail to understand the mindsets of retail and even institutional shareholders, even though in respect of the latter smaller in number group, there would be a fair amount of personal interaction.
Graingrowers (of which I am not one, but a city lad) can smell a rat a kilometre away, so this had better pass the Shareholders' Association's assessment.
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