I'm sorry, resolution 5, why does a new Director joining the Board need "incentive" options to do a good job ie "to appropriately incentivise continued performance"? In addition to directors fees. I realise the exercise price is 93c and if exercised would amount to $1.8m in cash to the company if exercised, but the logic escapes me. Seems to be some type of golden handcuff as though she's already made noises about leaving. Whatever happened to if you don't perform, close the door on your way out.
No problems with rewarding KB. He's done an outstanding job. S-AY has barely warmed the seat.
I'm sorry, resolution 5, why does a new Director joining the...
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