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clock Created with Sketch. 13/07/16
14:10
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Originally posted by Amused observer
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I don't think it was a misquote but more an observation in regards Resolution 5, 6 & 7 as they are the same formula and principle. The difference lies in the value derived from the formula and principle and as you rightly say Resolution 5 assigns an order of magnitude increase that seems unwarranted and outside any formula or principle. I agree all Directors receive the same directors fees and some receive additional payments for (a) Board committee duties, (b) performance of executives duties, and (c) perform chairman duties amongst other things. Paul is asking for that amount based on (a) non-payment of executive remuneration as an employee, and (b) chairman duties as a Director of the company and all in arrears.
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Your mention of executive remuneration as an employee raises some interesting issues. Is there an employment contract if so why has this not been disclosed, also if there is who signed this document. Governance and compliance are more thank lacking.
