Who mentioned an EGM?
Shareholders have no say in compensation - just a right to express their feelings in a vote at the AGM.
The change is probably as a result of International Accounting Standards, which make share options more expensive the previously (though no cash effect occurs).
Directors always decide their own pay through the remuneration committee chaired and membered by the non-executive board members, therefore allowing independence from those actually running the company.
Last edited by Re-Heat; 6th Oct 2005 at 12:34.