**The remuneration committee comprises 2 people, Foley and White .** Don't forget along with the bonus the MD and CFO received the MD got 16% pay rise and the CFO got a 10% pay rise.
"The majority of bonus and incentive payments are at the discretion of the Nomination and Remuneration Committee. Refer to section D of the remuneration report for details of the last four years earnings and total shareholders return."
"D. Additional Information
In assessing the Company’s performance and improvement in shareholder wealth, consideration is given to the following measures in respect of the current fi nancial year and the previous three fi nancial years. Company revenues improved strongly during the three previous years. It is anticipated that 2012 will see revenue improving once again, with an improvement in profi tability as production ramps up"
Still trying to determine how they improved shareholder wealth, perhaps that only relates to a select few shareholders.
Refer: 2011 Annual Report
DYOR
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