drifting about., page-2

tcynoosa, not sure if you’re going to the MDX AGM this Friday? (I’d love to, but a few thousand kms is a bit far to travel) If so, here’s a question that somebody ought to ask against Resolution 1: Adoption of Remuneration Report:

“Mr Ward was listed as one of Australia’s highest paid CEOs and executive chairmen in Monday’s AFR, having received $1,421,401 during 8 months as CEO of Arafura Resources. During that time total shareholder return at Arafura was -69.2% according to the same report. What safeguards have the Directors put in place to guarantee shareholders that this unacceptable combination of massive CEO remuneration and negative share price performance will not be repeated at MDX during 2013 and beyond under Mr Ward?”

I note that ARU is facing a second strike on their rem report, coincidentally this Friday.