PEX 0.00% 11.5¢ peel mining limited

I'm really not impressed with a few resolutions and mostly this...

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  1. 2,237 Posts.
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    I'm really not impressed with a few resolutions and mostly this one:

    (l) the Board acknowledges the grant of Related Party Options to Messrs Hadfield and Hardie is contrary to Recommendation 8.3 of The Corporate Governance Principles and Recommendations with 2014 Amendments (3rd Edition) as published by The ASX Corporate Governance Council. However, the Board considers the grant of Related Party Options to the Related Parties is reasonable in the circumstances for the reason set out in paragraph (q);

    so q says:

    (q) in forming their recommendations, each Director considered the experience of each other Related Party, the current market price of Shares, the current market practices when determining the number of Related Party Options to be granted as well as the exercise price and expiry date of those Related Party Options;

    What a crock of bs...they dont deserve more shares and are overpaid to begin with, imo.

    I'm voting down the resolutions.
 
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