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Re Annual report 2017, page-8

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Rob1000

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26/10/17

23:09

Post #: 28236201
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Originally posted by wilcox ↑

Colin Iles may, or may not be the right person to bring much needed technical and sales expertise to the company. I really hope so – but time will tell.
Despite no previous experience as a company director - I was hoping with his appointment – he might be bring some much needed change to the board’s reporting standards.

In the past, I have criticised the APG board – and I think with good reason.
But today I want to heap praise on the board – and for good reason.
For as long as I can remember (at least the last 12 years), APG directors Turbot, Cuthbertson & Harrison have had board meetings once a month, every month – and I can’t recall any of the directors ever missing even 1 of these crucial board meetings.
I have read a lot of other company reports – but by comparison, I believe the board meeting attendance record for APG directors over the last 12 years is truly outstanding.
To attend 12 board meetings a year, year in year out – says a lot about the selfless dedication of the APG directors.
APG shareholders will no doubt take pride in the gold star attendance record of their board.

But now APG has a new director – and I wonder if he is of the “right stuff” to serve on the APG board? Can he live up to the APG board’s exacting standards?

Mr Colin Iles was appointed to the APG board of directors on 13 March 2017. He was also appointed to the APG Audit committee in FY17.
In Financial Year ending 30/6/17 he was paid $25,000 in director’s fees for his 3.5 months on the board.
Mr Iles, as a director - should have attended 4 APG board meetings in FY 17.
Mr Iles did NOT attend any board of directors meetings in Financial Year ending 30/6/17.

I have no idea why director Iles is not attending board meetings – but I hope someone asks him why at he AGM.

Wilcox

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Yep picked that up as well Wilcox. But I will be betting that it is an error. Because it does not say he was even eligible to attend. Also I do not think he was only payed $25,500.00 for the financial year.

They payed Company Sec $236,000 and the Auitor $ 96,885.00

APG Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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Re Annual report 2017, page-8

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