Any feedback from today’s AGM, page-4

If the board continues to deliver good performance, does it matter if the transparency is not that good ?

So you are happy if the board approves the KMP remuneration using dubious metrics, as long as a good performance is achieved.

They gain and you gain is your mantra.

As a shareholder pointed out at the AGM, that the remuneration should actually be amended downwards.
Due to adulterated criteria being used by BOQ when doing comparison against the peer group, consisting of the four major banks and includes BEN and SUN.

The recent hearing by the Royal Commission has confirmed the self-servicing interest from the banking fraternity - this type of behaviour is probably common amongst many ASX companies.

Dr Henry the Chairman of NAB has confirmed this dubious practice, ensure KMP getting their unjustified rewards.
He mentioned that the KMP of NAB didn’t meet the remuneration criteria but the Board used their discretion to reward them without any downward adjustments on any form of rewards.

The BOQ Chairman at the AGM was doing quite a bit of verbal 'ducking and weaving' in justifying there was no need for downward amendments.

Radicool Views