New World Resources Management
Management criteria checks 2/4
New World Resources' CEO is Mike Haynes, appointed in Oct 2017, has a tenure of 6.5 years. total yearly compensation is A$809.71K, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 2.13% of the company’s shares, worth A$2.13M. The average tenure of the management team and the board of directors is 6.3 years and 5.5 years respectively.
Key information
Mike Haynes
Chief executive officer
AU$809.7k
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 6.5yrs |
| CEO ownership | 2.1% |
| Management average tenure | 6.3yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Here's Why Shareholders May Want To Be Cautious With Increasing New World Resources Limited's (ASX:NWC) CEO Pay Packet
Nov 02
We Think New World Resources (ASX:NWC) Can Afford To Drive Business Growth
Mar 15We Take A Look At Why New World Resources Limited's (ASX:NWC) CEO Has Earned Their Pay Packet
Nov 18New World Resources (ASX:NWC) Is In A Good Position To Deliver On Growth Plans
Sep 22Here's Why We're Not Too Worried About New World Resources' (ASX:NWC) Cash Burn Situation
Mar 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -AU$3m |
| Sep 30 2023 | n/a | n/a | -AU$3m |
| Jun 30 2023 | AU$810k | AU$349k | -AU$2m |
| Mar 31 2023 | n/a | n/a | -AU$2m |
| Dec 31 2022 | n/a | n/a | -AU$2m |
| Sep 30 2022 | n/a | n/a | -AU$8m |
| Jun 30 2022 | AU$477k | AU$324k | -AU$15m |
| Mar 31 2022 | n/a | n/a | -AU$15m |
| Dec 31 2021 | n/a | n/a | -AU$15m |
| Sep 30 2021 | n/a | n/a | -AU$9m |
| Jun 30 2021 | AU$427k | AU$281k | -AU$3m |
| Mar 31 2021 | n/a | n/a | -AU$2m |
| Dec 31 2020 | n/a | n/a | -AU$1m |
| Sep 30 2020 | n/a | n/a | -AU$1m |
| Jun 30 2020 | AU$363k | AU$268k | -AU$1m |
| Mar 31 2020 | n/a | n/a | -AU$4m |
| Dec 31 2019 | n/a | n/a | -AU$7m |
| Sep 30 2019 | n/a | n/a | -AU$7m |
| Jun 30 2019 | AU$540k | AU$160k | -AU$8m |
| Mar 31 2019 | n/a | n/a | -AU$6m |
| Dec 31 2018 | n/a | n/a | -AU$4m |
| Sep 30 2018 | n/a | n/a | -AU$3m |
| Jun 30 2018 | AU$980k | AU$107k | -AU$3m |
Compensation vs Market: Mike's total compensation ($USD525.21K) is above average for companies of similar size in the Australian market ($USD290.88K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Haynes
6.5yrs
Tenure
AU$809,710
Compensation
Mr. Michael John Alexander Haynes, also known as Mike, BSc, serves as the Principal of Bullseye Geoservices Pty Ltd. He serves as Managing Director, Chief Executive Officer and Director at New World Resour...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 6.5yrs | AU$809.71k | 2.13% A$ 2.1m | |
| COO & Executive Director | less than a year | AU$143.45k | 0.015% A$ 15.4k | |
| Company Secretary | 6.2yrs | AU$107.89k | 0.43% A$ 428.3k | |
| Senior Exploration Geologist | no data | no data | no data | |
| Exploration Manager | 7.3yrs | no data | no data |
6.3yrs
Average Tenure
Experienced Management: NWC's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 6.5yrs | AU$809.71k | 2.13% A$ 2.1m | |
| COO & Executive Director | 1.3yrs | AU$143.45k | 0.015% A$ 15.4k | |
| Non-Executive Chairman | 6.5yrs | AU$73.65k | 1.32% A$ 1.3m | |
| Non-Executive Director | 4.5yrs | AU$53.60k | 0.15% A$ 147.2k |
5.5yrs
Average Tenure
Experienced Board: NWC's board of directors are considered experienced (5.5 years average tenure).