Good to see the Chair knowledge the following on page 44 of the annual report:
"As an ASX listed truly global business, with senior management located around the world, maintaining a remuneration framework
that meets the expectations of all our stakeholders in all regions, is a challenge. The Board is mindful of the external focus on
overall remuneration levels and actively seeks feedback from external stakeholders on the design of the reward structure for the
CEO and Executive KMP"
The CEO has received over $3M in relocation costs over the last few years. Shareholders knocked back the remuneration resolution 3 years back when it was disclosed that annual relocation costs were around $1M. Then last year removed one of the resolutions in relation to bonuses just prior to the AGM when they knew it would fail. IMHO the resolutions indicate poor judgement.
(20min delay)