re: Ann: Notice of Annual General Meeting/Pro...
With the AGM at the end of November i received my voting papers in the mail recently.
I am intending to vote against the remuneration report and suggest like minded shareholders do the same.
I believe that the remuneration of RQL executives is out of line on a peer comparison basis of <$100m MC companies.
This is especially relevant for companies that do not pay dividends to shareholders - i.e. share the love.
Whilst I have no illusions that my votes will result in the resolution failing it is intended to send a message to Directors that I believe their remuneration of executives (and themselves) is too high when considering:
(1) Operational performance of RQL in 2012 (2) Capital gains and dividends enjoyed by shareholders in 2012 (or lack thereof!!) (3) Remuneration comparison with other $<100m ASX listed companies.
Cheers John
RQL Price at posting:
34.0¢ Sentiment: None Disclosure: Held
