Ann: Haggan Vanadium Project Update, page-79

Shareholder Alignment, Company Performance and Executive Pay Deloitte Executive Compensation Report June 2017.
The Deloitte (2017) report looked also at the relationship between executive compensation and organisational performance over the years 2010–2016. In this study, the Mining, Construction and Resource (MRC) sector was found to have destroyed value, to the extent of approximately a third: whereas other sectors had grown organisational value approximately twofold, the MRC sector had more than halved organisational value. During this period, the impact on MRC executive compensation was not significantly affected, and shareholder and organisational misfortune was not correlated with executive compensation.

https://www2.deloitte.com/content/d...capital/za-Deloitte_Exec_Comp_Fund_FINALS.pdf

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