Wazua
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NSE Plc FY 2019
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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watesh wrote:Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out. They have actually overseen more delistings than the reverse
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:watesh wrote:Angelica _ann wrote:McGill wrote:mulla wrote:watesh wrote:Ericsson wrote:At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy madness.... Am just shocked. Why, this board are among the lowest paid at NSE. They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out. They have actually overseen more delistings than the reverse So they need to be motivated to think  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kiprono Kittony appointed new board Chairman effective July 13 2020 https://mobile.twitter.c...2918810148798471/photo/1Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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[quote=Ericsson]Kiprono Kittony appointed new board Chairman effective July 13 2020 https://mobile.twitter.c...918810148798471/photo/1[/quote] Members' club!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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FY2020 Profit before tax ksh.218.9mn Profit after tax ksh.167.9mn Earnings per share sh.0.65 Dividend per share sh.0.53 Dividend book closure 4 June 2021 Dividend payment date 30 August 2021 https://mobile.twitter.c...330454379839488/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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