It makes for interesting reading "Use of remuneration consultants -During the financial year ended 30 June 2017, the Company did not engage remuneration consultants to review its existing remuneration policies or provide recommendations on how to improve incentive programs." I ask myself - WHY NOT??
$2.3 million spent on 7 (KMP) salaries (including super and settled equities) - nearly $1 million to D Carusso.
Would be interested in the views of any experts out there in HC land on its contents. There are 48 million UNISSUED shares under option and 11 million UNISSUED shares under performance rights. Performance rights can be isued for up to 5% of the total number of shares in CM8.
Also - Resolution 9 - the Performance Rights Plan - last approved on 17/12/14 - it seems that the members of the Board set their own performance criteria for the issue of performance rights to themselves (and to other staff) ?? Thoughts on "for' or against' vote??
CM8 Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held