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Something Rotten in the State of Denmark?, page-110

  1. 44 Posts.
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    The shenanigans don't stop there, when you have board members like Glenn Whiddon providing direction & ensuring governance.

    Take at look at his time over as chairman over at Calima Energy ASX:CE1 if you want further insight into how listed companies are treated as personal fiefdoms at shareholder expense.

    Bonuses paid for time spent in office, related party service contracts, sale of the companies only asset to a company whose chairman was also a director of Calima, resulting in a cash bonus of more than $150,000 paid to himself as a "success" fee and $37,500 for the chairman of the buyer/director of the seller.

    Thats the calibre of what you have sitting on your board.


 
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