I also read on and was just as stumped at page 12 (Remuneration) in which directors were on 3 and 5 year contracts with 12 months termination clauses (what???) so if they are lacklustre, mediocre (at best) performers shareholders would have to pay best part of a million dollars ($890K) assuming they went nicely to go home and not come back. This is assuming the relections went against them at an AGM.
Below I summarise the contracts annual salary, super cash beneifits as well as the term in [years] that the contract goes for.
McAuliffe HAZ $229K [3] ATCHK $138K [5]
Butler Blaxell HAZ $229K [3] ATCHK $138K [5]
Chegwidden HAZ $0K ATCHK $138K [5]
Yu HAZ $0K ATCHK $15K [5]
I also note that upon "pracital completion" whih is being argued now, the ATCHK payments for McAuliffe and Butler-Blaxell go up another $130K combined. This is a nice touch as it makes it a coll million bucks for shareholders to actually exercise their rights and not re-elect these people at an AGM.
One thing to remember if you see their names associated with another company perhaps....
Then I could begin with some other gems, but I will see if someone else notes those.
HAZ Price at posting:
6.4¢ Sentiment: None Disclosure: Not Held
