It appears that Bruno is smart in doing what he is. For if he was to put forward a Remuneration Resolution forward they would have all been thrown out on their heads. Hence why there isn't one there.
As for working Pro-Bono, dream on mate, they will continue getting their big pays and we as shareholders will have no say at all about it and as to how much they will pay themselves. All we can do is to stop them issuing themselves new shares and LTI and STI, the rest of it, in regard to pay (cash pay that is), it is all up to them.
If we are not happy with what they are doing, all we can do is to lodge a Section 249D and call for a Board spill but, with the Chinese, and the amount of shares they hold and the control they have on the Coy, we have two chances of getting anywhere with it:
1) BUCKLEY'S, and
2) NONE.
We are stuffed and all under their control, THANKS TO ASIC and in the way THE CORPORATION ACT HAS BEEN WRITTEN.
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Held