Eurocontrol Technics Ord EUCTF

Technology Computer Systems

"Eurocontrol Technics Group Inc is a Canada-based company involved in acquisition, development, and commercialization of security, authentication, verification and certification markets. The company through its subsidiaries is engaged in designing, manufacturing, marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems, and developing technology and property that combines two-dimensional (2D) and three-dimensional (3D) image processing technology respectively."

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Eurocontrol Technics Ord

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Post by Chutzpahon Mar 16, 2018 5:08am

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Post# 27725578

Paul "Fox" Wood

Having the guy who has looked the other way all these years while feeding Bruce "Bellboy" Rowlands with some 2.2M dollars for acting as the main Stooge in this impeding disaster for shareholders equals to now having the fox guarding the chickens.....

In addition to the Audit Committee, the Board of Directors has also organized a Compensation Committee. The Compensation Committee is currently comprised of three members, Dennis Logan, Kenneth Wawrew (Chair), and Paul Wood. The mandate of the Compensation Committee is to review and make recommendations to the Board of Directors in respect of the level of remuneration and other compensation to be paid to the executive officers of the Company.

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The Compensation Committee of the Company’s Board of Directors is responsible for ensuring that the Company has in place an appropriate plan for executive compensation and for making recommendations to the Board of Directors with respect to the compensation of the Company’s executive officers. The Compensation Committee ensures that total compensation paid to all NEOs is fair and reasonable and is consistent with the Company’s compensation philosophy.

For the financial year ended December 31, 2016, the objectives of the Company’s compensation philosophy was to ensure that compensation for its executive officers is sufficiently attractive to recruit, retain and motivate high performing individuals to assist the Company in achieving its goals.

Compensation for the executive officers is composed primarily of three components: base fees, performance bonuses and the granting of stock options. Performance bonuses are considered from time to time. The determination of each component is based upon formal meetings of the Compensation Committee. In establishing the levels of base fees, the award of stock options and performance bonuses, the Company looks to consider individual performance, responsibilities and length of service. The compensation determination process is not based on formal benchmarks.

The Compensation Committee recommends to the Board of Directors the base salary, performance bonus and stock options to be granted to the executive officers. The Board of Directors does not have a pre-determined compensation plan, but rather reviews the performance of the executive officers and considers a variety of factors, when determining compensation levels. These factors, which are informally discussed by the Board of Directors, include the long-term interests of the Company and its shareholders, the financial and operating performance of the Company and each executive officer’s individual performance, contribution towards meeting corporate objectives, responsibilities and length of service. The Board of Directors believes that the compensation paid to each executive officer during the last fiscal year was commensurate with the executive officer’s position, experience and performance.