“The Company’s directors have agreed to suspend all directors’ fees until market conditions improve
and the Managing Director has agreed to reduce his salary by 50 per cent in line with these changes. “
(From NSE ASX release 03.March 15, page 2.)
http://www.asx.com.au/asxpdf/20150303/pdf/42x137qjvpwn70.pdf
Had that dog for a while about 2 years ago. Luckily I sold after they started diddling around.
Just saw the first good sentence of any of their announcements for years.
May be other directors should take similar actions.
Phone conversation with Neil today, page-11
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