Looks like I missed and interesting AGM where the shareholders seem to have sent a clear message to the board by not approving the remuneration package. So no �60k (basic salary element) increase for Glyn just yet. He still gets a huge list of options, they just need to return results which in turn will boost the share price the achieve those option targets. So as I see the boards interests are even more aligned with shareholders than if resolution 4 had been approved. I guess this is… Read More
I must admit to some concerns about how the company is progressing (though I was not there yesterday so this is only based on voting actions and detailed feedback of those on here). The fact that the renumeration was voted down does tell me that IIs etc are concerned with the continued lack of tangible value creating progress (in particular constant timeline slippages) and have sent a clear message to the BOD that is the case. When IIs get concerned we should all be concerned. Secondly it… Read More
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