Diligent directors come up with new CEO incentive scheme

Sun, 14 Apr 2013

By Paul McBeth April 15 (BusinessDesk) - Diligent Board Member Service's directors have come up with a new incentive scheme for chief executive Alex Sodi to replace the stock options it has to cancel after granting him too many. The plan, which will be put to shareholders on June 4 at the annual meeting, will offer Sodi stock and options provided he meets revenue and earnings growth, the company said in a statement. If he meets all of his targets, the company estimates the cumulative cost of some US$6.3 million for an impact of 8 US cents pe...

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