ST Alpha - "They had a cc. Remuneration committee here. It’s claimed none of them were aware of it either." (Reading a Post)

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In response to "I’d want to know why not, and why the board didn’t have a compensation committee to handle it." by znufrii 🦄

They had a cc. Remuneration committee here. It’s claimed none of them were aware of it either.

Posted by Loyola Jun 27 '23, 14:11

Agree with your im.

There seems to be an attempt to lay all the blame at the feet of the chairman. The CEO was also in receipt of excess unpublicised salary prior to the chairman joining the company.

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Yeah, in that case if they aren’t getting all the information there’s a reason. -- nm* - znufrii 🦄 Jun 27, 14:24
who is approving the payments?? -- nm - Andie Jun 27, 14:21 3
- Apparently the chairman unilaterally approved extra payments, beyond the published salary, and without the knowledge of the remuneration committee. - Loyola Jun 27, 14:26 2
  - Oh, that's all sorts of not kosher. -- nm - TWuG Jun 27, 14:30 1
    - Furthermore, the CEO, whilst having paid tax on these extra payments, and there is no suggestion that these extra payments were in any way illegal…he - Loyola Jun 27, 14:44

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They had a cc. Remuneration committee here. It’s claimed none of them were aware of it either.

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