BoD have my backing27 Nov 2020 09:21
There seems to be a lot of criticism for the BoD right now, particularly with reference to salaries. I'd like to think that the BoD have far more understanding than PI's with some kind of axe to grind, regarding remuneration. They have in the past taken substantial pay cuts when it was necessary to preserve cash, whilst re-structuring the business. If they now see a bright future, where remuneration is comensurate with the current prospects of the business, who am I to argue. Just because commercial success hasn't happened yet doesn't mean it won't. And if you want to retain the very best people that can bring about that commercial success, you have to compensate them accordingly. In my opinion the company has now positioned itself where at least one project should prove successful next year, and maybe several others. The current BoD have demonstrated prudence in the past, and if they now believe it's not required then we should be encouraged by that