Ausheds, yes it is a matter of a dose of reality. I have no major problem with the general scale of directors fees for a company of this scale. But the combination of reading the latest annual report, with virtually NO mention of the massive seemingly endless costly delays to LAMP in the post-report section, together with the quite contemptuous lack of regular information to shareholders over the legal debacle in Malaysia, means that this long-term shareholder is very critical of the current Board's performance.
So until the MD actually delivers on his oft-extended promises of production and profitability I believe the Board should be making a clear gesture of being seen to be sharing some of the very real pain being suffered by loyal long-term shareholders.
And finally, I repeat my view that it's not a good look to see that Board members appear not to have bought any shares with their own money for quite along time now. Why is this?
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