Linc names new director, cuts directors' pay

LINC Energy appointed Genting Bhd's energy chief executive Ong Tiong Soon as non-executive director on May 28, the oil and gas exploration company announced early Tuesday.

Linc chairman Peter Bond, chief executive Craig Ricato and the non-executive directors of Linc's board have also agreed to a 20 per cent reduction in their salaries for a year beginning July 1. The pay cut will be reviewed after a year.

Non-executive director Ken Dark has also been redesignated as an independent non-executive director from May 11.

Linc has also decided to merge its nominating and remuneration committees from July 1. The members of the merged committee will be determined at a board meeting to be held on June 25.