From the quarterly:
"Cost Reduction Initiatives
The Company over recent times has been actively pursuing a number of cost reduction initiatives.
As part of these initiatives and until further notice, the Chairman, Mr Stephen Power, and the Company’s non-executive directors, Messrs Peter Buck, Gary Johnson and Mark Rodda have all agreed to take an 80% reduction in their remuneration. Additionally, the Managing Director, Mr Roger Mason has agreed a 27% reduction in his remuneration. The reductions are effective 1 July 2014."
I always believed management acted in the best interest for the company and not themselves. This confirms my believe is right. 80% is impressive to say the least.
Not quite happy where the sp is sitting, but that is a different story.
From the quarterly: "Cost Reduction Initiatives The Company over...
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