I have shares in another company where we are actively pursuing the board about their freebies.
It does appear to be the way that most boards operate, they know that they will not be able to get remuneration rises through the system so they issues placements to give themselves cheap or free shares on the pretense of a CR
I am not against paying directors a good wage but they should get it the traditional way through an AGM
After all they are just doing what they are paid to do and if they can't do what they are paid to do they should be sacked like any other worker
Any placement should only go to the full shareholder base at the same price
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