AGM time again and pages & pages of fine print around Jon Stretch's remuneration hurdles.
Anyone care to comment, though it seems to me they are SP related and not too steep, and one section I think relates to interest free company loans to buy shares, (repayment not required until shares sold).
I don't mind the later, although to this point he hasn't put his hand in his pocket to buy even a handful of shares with his own money, by way of "leading by example"?
Now EPW is quite a solid performer, rates continually well in terms of customer service standards, grows market share but headwinds have cut the franking of dividends considerably, and as others pointed out on here, the divvie was flat last time.
In the current climate, that wasn't unexpected so I can wear it.
However I think I will vote against ALL the performance rights resolutions, (5-8), in lieu of waiting to see some clear results from the foray into the US supply market, and a good upturn across the board in Australia.
After all, we've taken a cut in return from the company, (franking), and although this probably relates to prior to Stretch joining, I don't see why he should be catapulted immediately into what I see as potentially very generous bonuses. As it is, it says IF these resolutions are voted down, "the Company intends to pay a cash bonus of $600,000 ...on or about 4 July 2016"
I think the majority of listed companies these days take for granted a straight row of ticks down the first column, and employ their Managing Directors /CEO's in that basis....
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