Dr C's consulting company, Biosynergy Partners, has an agreement with RAC to find a partner or acquirer.
The agreement is explained in the RAC ASX announcement dated 1 November 2018 (attached).
RAC 20181101 Biosynergy commission.pdf
Under the terms of the agreement, the maximum commission payable is $5m, and is earned if the transaction value is $142m or more.
There's no incentive to achieve a transaction value higher than $142m
AFAIK, this agreement is still in force.
This agreement was signed even before the former 5 Pillar strategy was adopted, let alone the current strategy.
So it's totally out of date.
Is that a problem?
II
Dr C's commission structure is out of date
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