"The Board, in principle agrees with the separation of roles, but there are sound, realistic reasons for the Board electing to continue with this arrangement until now, the main one being to avoid the cost of a separate chairman."
Really? I would have thought if Peter didn’t do one of those roles he’d be paid less to accommodate another person. Less work. Less pay.
"It is noted that, in response to the recent difficulty in financing the Company’s activities, Mr Reeve’s base salary was reduced by approximately 38% to $280,000 per annum" BASE SALARY!! $280,000k - we’ve no SS, no updates on Swedish claim, follow on CN.... yet SHs are supposed to be grateful? Okay. Sure. NOT.
Perhaps let’s reduce those “performance” shares.
This type of spin is exactly why we need a change before it’s too late, in my opinion.
I would also like to hear from ASEAN - I’m sure there are some debated points. ASEAN have been targeted and have to respond. IMO
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