when the hand is out for more money, details of some...

when the hand is out for more money, details of some restriction/restraint on behalf of the board


"To assist the Company through the current tight cash-flow situation, the Board has resolved to cut
non-executive Director’s fees by 30% for a period of six months. This is in addition to an ongoing
10% cut which was implemented in April 2007, the permanent elimination of Board Committee
fees from July 2007, and the total waiver of Director’s fees for a three month period in early 2008.
In addition, the Managing Director has agreed to defer payment of 20% of his salary."

remember ...I am more keen than confident

cheers