Hi mg021I was puzzled for the same reason as you, for Richard's...

Hi mg021

I was puzzled for the same reason as you, for Richard's questions, comments and demeanour were wholly positive, save for that one reservation against the remuneration report.  Also, he was absolutely friendly as he greeted two of the board members with whom I was chatting after the meeting had closed.

Overnight I recalled that the remuneration report covered directors' fees for the previous directors as well (I think for the first five months of the 2017-2018 financial year).  

I had voted in favour of the remuneration report, because while I was personally not pleased to see such a large expenditure over that earlier part of the financial year, I was pleased to see far more reasonable sums for directors and the new CEO for the balance of the year.  Now if the remuneration report had been split over those two periods, I could have had two bob each way - for the first five months "against" , with the balance a "for".

So on that basis, I don't think it likely we'll see a second strike next year.

As I think about the team we now have of the Chairman, two independent directors, and the CEO, I really wonder why we needed such a larger number earlier.  Top heavy, I think.  At least, monetarily so.