Bonuses will also be paid to other top management including $360,000 to its chief operating officer, $302,700 to its general sales manager and $100,000 to its chief financial officer.
Otago University senior accountancy lecturer Dr Helen Roberts said it appeared Yili was willing to pay the management to encourage farmers to sell their assets, raising a conflict of interest.
“If you were in that position would you say no?
“It’s a problem with these kinds of ownership structures where the management is supposed to represent the best interests of the true owners, but they have a conflict because they have their self-interest vested in their remuneration,” Roberts said.
