RE: Corporate Governance"OK, so ONC governance meets standards but it doesn't even come close to the minimum standards set out by CCGG. Nothing made up, I'm not proposing tearing down the company, but why should shareholders put up with a situation where a board whose chairman is also CEO (and neither board or CEO have any investment in the company) grants him such a huge (> double last years) option package in a year where there has been no visible progress. It shouldn't have happened!"
I agree! It is not acceptable that rewards be handed out in a vacuum.This is not DISNEY where Eisner raided the company vaults for years with impunity.The only option open to the shareholders is to use your proxy vote to vote down any further option goodies to management.I certainly will.
You might also want to consider showering Cathy Ward with e-mails to get the point across.These people are like politicians,if no one takes the trouble to complain they figure everything is normal.