Shareholders have a right to comment on Directors Remuneration Packages. Given DRG have a Market Cap of only $1.12m I would have thought paying $90,000 pa to the Chairman & $49,783 for a director to be excessive. There are ASX directors who only receive $20,000 pa. DRG is not in a position to be paying these type directors fees & plenty of boards have slashed their directors fees to help save money for a company. DRG is facing difficult times & the board should be conscious of all costs/outgoings & lead by example. DRG is effectively a shell like SYR was a few years ago. With the right project & management at least shareholders would have a chance to recover some of their investment. We can't blame the past, we need a way forward given the current circumstances & the company's future may not be in coal or with the current board of directors. I think there will be plenty of shareholders vote against the remuneration resolution & also against the re-election of the current directors just out of frustration with the lack of direction the company is taking.
Voting against the remuneration package sends a message to the board shareholders are not happy with the current situation.
Regards
Buffett
PS I for one will be voting against the remuneration package & hopefully other HC shareholders will do the same.
- Forums
- ASX - By Stock
- Vote No On Renumeration Package
Shareholders have a right to comment on Directors Remuneration...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.15 |
Change
0.000(0.00%) |
Mkt cap ! $1.465B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18174 | $1.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.06 | 25043 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 92294 | 1.200 |
1 | 1 | 1.190 |
2 | 8811 | 1.180 |
1 | 745 | 1.175 |
2 | 50952 | 1.165 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 24908 | 2 |
1.090 | 3781 | 2 |
1.100 | 37422 | 2 |
1.105 | 35038 | 3 |
1.110 | 50000 | 1 |
Last trade - 09.51am 05/09/2024 (20 minute delay) ? |
Featured News
BGL (ASX) Chart |
Day chart unavailable