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Re: rmarchma post# 66997

Monday, 04/19/2004 12:10:11 PM

Monday, April 19, 2004 12:10:11 PM

Post# of 436089
Ronnie,

In the US, this is the standard operating procedure. The COB appoints outside, independent directors and recommend their compensation; the board of directors determine the COB compensation. Kind of like you scratch my back, I scratch yours.

This is just not IDCC, it's everywhere. It's up to the shareholders and institutions to keep an eye on things.


Who determines Harry’s compensation? Is it the compensation committee composed of himself and Mr. Roath, or is it just Mr. Roath, or is it the other outside directors, which would have been only Mr. Colson and Mr.Clontz for several years? Even if the other outside directors might determine Harry’s compensation and not he himself, he still determines the compensation of the outside directors. From just an appearance standpoint, it would be far better if a highly compensated Chairman of the Board had nothing to do with determining compensation for others at all.

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