RE:this is how it's done Compensation In light of the current gold price, and as a part of continued cost savings, the Company will implement the following effective November 1, 2015:
- A 20% reduction in base salary for the Chief Executive Officer.
- A 10% reduction in base salary for the Executive Team (President, Chief Financial Officer, Chief Operating Officer, Executive Vice President, Administration & Corporate Secretary).
- A 10% reduction in the annual retainer fee for the Board of Directors.
AMEN! Add accountability and reduction on travel.