Excessive remuneration is warming up as one of the big issues for the annual meeting season, and at least one small Company has already retracted its original plan and replaced it with with a more measured proposal.Perth based explorer Bauxite Resources on Friday told investors it would withdraw the issue of in-the-money options to Directors after "cosidering the merits and market response". The backflip came less than three weeks after the notice of meeting was released which proposed the issue of options to all directors, and managing director Daniel Tennardi. However the proposed issue of options to Tennardi will remain. Perhapds the only outstanding question is whether investors will be happy to see Bauxite Resources chairman retain his seat." unquote
I actually raised this issue with them and in HC prior to the release of this little article by AFR
BAU Price at posting:
$1.13 Sentiment: Hold Disclosure: Held
