The salary for each director was well known when you chose to invest. The directors are under no obligation to take a lower wage. If your employer was struggling would you volunteer for a pay cut? There are many reasons why this investment hasn't worked out but directors salary is not one of them.
A company director has a fiduciary duty to protect shareholders. If you don't like any member of the BoD or suspect they are failing in their fiduciary duties then vote them off the board at the next shareholder AGM. If you suspect the BoD are failing to protect and don't want to wait to the AGM or indeed need to take immediate action then you can sue a director/s - they have personal liability if it is proven they have gratuitously self enriched against the best interests of shareholders- and seek damages against their personal assets for recompense; albeit you'll do better if you manage to club together several shareholders in a class action against the board. You have recourse so if you are that unhappy (I am currently not) then take action rather than posting your unhappiness on a bulletin board.
This share has been flat lined for far too long, there little hope of any settlement outside the courts, clearly the courts are in no rush to decide, there can't be much hope past the end of the year, if we get that far, the cash available is just been paid out for the last 2/3 years on salaries which in my mind are holy abusive to shareholders, there has been no offer from the BOD to take a reduction of salaries and be paid back once the matter is won in court, no they take salaries monthly for doing nothing, clearly what can they do if the General won't negotiate and they sit waiting for courts and running up expenses, cars, salaries and god know what else....If this all goes wrong the DTI should be all over any director past or present who has run or been a member of the BOD...clearly there has been no thought to shareholders investment.
The governrnment and the courts must shoulder a lot of the blame for the constant delays in this case...this is unacceptable if you look at the wider context of jobs and prosperity for the country itself. Really think the MOZ government need to intervene here...
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