Hop, the following may answer some of your question. ANN REPORT 2012:Management Service Agreement: Name:Howard V Renshaw. Title: Managing Director. Term Commencing: 27/11/2011. Term of Agreement: 3 years Base salary for the year ended 30/6/2012 of $285,000 plus super to be reviewed annually by the nomination and remuneration committee.12 month termination notice by eithor party. ANN REPORT 2010:The payment of bonuses,options and other incentive payments are reviewed by the remuneration committee annually - and a reccommendation is put to the board for approval.(HERE COMES THE GOOD BIT) ...All bonuses options and incentives must be linked to predetermined performance criteria.Any changes must be justified by reference to measurable performance criteria. ANN REPORT 2011: The performance of executives is measured against criteria which is based on the forecast growth of the group profits and shareholder value. Go figure that,from what i can see the board and the remuneration committee are the same people.There is one way to fix this sham,take the opportunity at the EGM and get rid of this lot.
QMN Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
