A couple of comments from the meeting:
1. Rod’s inability to properly address the elephant in the room. He and AS decided to try to give themselves bucketloads of free options and try to get away with it despite an almost 50% share price decline year on year. The constant referrals to BDO and it’s report this was tiresome and evasive. I hope they both learned their lesson and don’t now dip into the higher non-exec remuneration pool to ‘compensate’ their loss on options.
2. This said, I believe both are very important for the company for the next 12 months. Not for the reasons AS put forward - which were completely self-serving and irrelevant to where the business is now and where it needs to go - but for stability and steady pair of hands in a critical phase. As both said repeatedly, they are non-executive directors, they aren’t (and should’nt) be involved In day to day decision making. At the same time, they can’t expect to be paid a literal fortune for being non-exec board members. Hopefully, lesson learned and we all move onwards and upwards.
GLTAH. I love the potential of this company. I love the passion of its people and it’s shareholders. Let’s move forward into 2022 with united passion for success together.
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