August 14, 2015
It is very clear that a bold and uncompromising pursuit of the return to financial and economic fundamentals is urgently needed. The ethically deprived claims of entitlement by a reckless few should be stopped. The return to responsible, accountable and transparent Corporate Governance in order to reclaim ethical values in business is tantamount. Mobilizing the Small Retail and Muslim investors’ capital will be qualified according to our investment and financing criteria, which requires compliance with the following values:
- Amendment of Articles of Incorporation to assure the implementation of new measures to safeguard shareholders rights;
- Set fair executive pay and scale down excessive executive pay packages when warranted. As a general guide, executive pay packages (including CEOs) should be limited to 2.2 to 3 times the average pay of mid-management.
- Shareholders to determine bonuses to all executives and mid-management
- Share options to executives to be made available at a reduced price discount not exceeding 10% of posted/trading share price,
- Strict guidelines for allowances and expense accounts carefully considered and audited.
- Substantial return to conservative accounting standards (pre 1990) with strict auditing rules and mandatory quarterly auditing reports
- Qualified exception to the criteria applies to executives with substantial equity stake in the business/company or project.
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