RE:RE:RE:Corporate Governance of Fission Uranium Corp. "They have to do everything by the book to ensure money raised through Financings goes to turn drills at PLS, not defend against potential lawsuits claiming inappropriate decisions made by a 7-member Board of Directors".
So if I understand this and the previous post correctly, the 4 "independent" board members came up with the 7-figure bonuses for retention and change of control, and the 3 employed FCU executives/board members (2 of whom were the recipients) were outside of the loop? Does the Board also have some responsibility to the Company not to divert excessive funds away from that drill bit?
This isn't Apple or TD bank or IBM. How would the FCU independent Board members justify bonuses of that size? And I'm not just kvetching at Dev here, but at the whole process. Help me understand how it's possible to grant sums like this out of all proportion to company value, while tying them to a premature misconception like this merger, and float it into the public realm to produce instant share decay?
If it's an standard practice, it should be reviewed. How about a deal where there are no bonuses until the deal is done and the effects, if any, on the Company and its SHs are known and digested BEFORE any bonuses are granted? EVERY company listed would be improved by such measures. JMO.