With the current renumeration policy:1: If shares go up in...

With the current renumeration policy:

1: If shares go up in value, directors earn their freebies,

2: If shares go down in value, they award themselves even more future performance shares at a lower hurdle price like we see this year.
(Well they doubled up this year, they earned their freebies because the hurdle price was lower than the share price when they were announced)
Its a “I win or your loose” scenario!

Who can beleive shareholders are stupid enough to support this?
The only reason I held after the policy and first round of freebies was announced, was because I though there was no way shareholders would support such an overly generous scheme. Well they did and the share price reflects the wisdom of that decision.

I think it is now becoming clear how rediculous these incentives are; if the share price remains at current levels, then directors will award themselves with even more shares, at a lower hurdle price than this year.
I consider this is the directors effectively “gaming” the rewards policy to give themselves huge rewards while shareholders are loosing money!