Ann: Notice of Annual General Meeting/Proxy Form, page-6

So what you are saying is that current directors won’t get any money out of this increase and the extra $510,000 will all go to new talent?
I bet that if that was the case they would have made that very clear.
I don’t mind if they spend money on someone new if that person provides good value, but I don’t like creating a slush fund to hand out more money to directors at a time when funds are very tight.
The size of the increase is also not exactly modest. More than triple as what was needed last year, that should come with more specific information than a very general attracting talent.
It’s a slush fund for them to use as they please and I either want the rising cost to be more proportionate or know more specifically how and for what and whom the money will go to or I will vote against it.
I know the sum isn’t that huge, but I like a company that shows good governance and accountability over funds used and this is too vague for mine.