Interesting to note that Muller who retired by rotation (clause 13.2 of the company's charter), but offered himself for re-election was absolutely pulverised in the voting, obviously suggesting some large shareholders didn't want him re-elected
Both Muller and Turner were re-elected in the 2018 AGM - Turner as per clause 13.2 and Muller clause 13.4 (Board appointed director must only hold office until the next AGM) but also in the constitution the director to retire is the longest serving director since "
last elected", so why was it decided that it was Muller? Pretty handy that on the day of AGM, Muller not re-elected, the company just happened to have another director all ready to step into the vacancy, Hancock has had prior working relationships with both Sage and Chapman
So many directors across the ASX are taking significant pay reductions, how admirable of Sage to take a 42% cut, I think he can afford it with the rent the company is paying Okewood, what I may have missed in the financials is the income from sub-leasing the office space to the ? how many others that are sharing it. The company's renumeration committee probably had the Exec Chairman wages over priced in the first place, hopefully they will have a re-think next time it comes up
Sage is no stranger to conflict / differences with ex company directors ........
https://www.crosslandsolicitors.com...v-whistleblowing-directors-personal-liability
Just saying
cheers
(20min delay)