Newspaper mention, page-4

First 4 Last

Share
Profile

Follow
mulgoaman

467 Posts.

61

14/12/14

21:42

Post #: 14459250
Share

Originally posted by Papertigger ↑

Hello Papertiger,

I reside in NSW and consequently getting to the AGM isn't always convenient. I suppose over the past 10 years I would have made it to four, maybe five meetings. I didn't attend this year or in 2013 so may have missed out on a few unreported items.

But of the times I've gone I always left with some mixed feelings. The feelgood part, other than the year's results, was to see what PAN had put in place for the local populations - education, agriculture, jobs, health programmes etc. and hence PAN having been the recipient of awards in Asia for the company's endeavours for their local community.

The other side of the coin has been the allocation of shares to Gary Stafford as part of his remuneration package. Having already received, in my way of looking at it, a pretty decent salary, over and above this is the allocation of company shares. It always seemed to be put to the meeting that if PAN wasn't prepared to pay these packages, then some other company would.

Back to the feelgood aspect - I can't see that it would have been on the implementation of the Board, particularly the current Board, so I would be thinking Gary could take most of the responsibility for those initiatives.

So if this dispute comes to be thrashed out at an Extraordinary General Meeting Gary would get my vote - or put another way, the existing Chairman wouldn't.

MM

Expand

PNA Price at posting: $1.43 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too