RE: Integrity13 Feb 2023 12:36
RE Tang & Davenport, - I can understand the questions surrounding them, however, I'm in slight agreement with PAUL1DEANO on this one... nobody was moaning when the share was at 4p.
They were part of the Craig Brown 'carrot dangle' 'joint venture', 'phones off the hook' era, which would be the root of my concerns (although Davenport came in much towards the end).
People struggle with the concept of paying people for what they know, who they know, client contact list, relations, and experience... they want to see their pound of flesh.
For all you know, the main contact lead for the appointment of our wonderful new CEO could have come from any of these non-executive directors, and they would have played the role of vetting for the best candidate.
They may also be the lead to potential buyers of assets we are trying to offload etc...
I do agree that the larger portion of salary should be share/options based, in which their value is based on reflection of how well the company is performing. This is in addition to a smaller portion of direct salary/consultancy fees (for members not directly involved in daily action of the ground for ECR).
For now, I believe the board looks fairly balanced in terms of experience and covering all the bases... lets see how they help/facilitate the evolving ECR going forward under AH's leadership and then ask questions.