time for a few questions for you Sir: 1.) why

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time for a few questions for you Sir:

1.) why wasn't GC's salary & bonus filed last month before the ASM

2.) why wasn't GC's salary & bonus made part of the ASM vote

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In my investing experience, the CEO salary and bonus plan are established by the board of directors. That's one of their functions. It's not something that is put before the shareholders for a vote.

According to LinkedIn, GC began his job as Amarantus CEO in October, 2011. Perhaps the timing of the 8-K isn't part of any devious plan to hoodwink shareholders, but is simply the time it would normally come up for renewal. Also based on my experience, CEO employment contracts are typically 3 years in length. After digging into the SEC documents, I found this 8-K filing from October 27, 2011:

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SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Effective October 23, 2011, Martin D. Cleary resigned from his position as President and Chief Executive Officer. There was no known disagreement with Mr. Cleary on any matter relating to our operations, policies, or practices. Mr. Cleary will continue to serve as a director and the Chairman of our Board of Directors. On October 23, 2011, our Board of Directors appointed our current Chief Operating Officer, Gerald Commissiong, to serve as our new President and Chief Executive Officer.

Mr. Commissiong has served as the Chief Operating Officer and a Director of Amanrantus since April of 2011. Mr. Commissiong was the co-founder and original President and CEO of Amarantus, which was formerly known as CNS Protein Therapeutics, Inc. Mr. Commissiong has been critical to the development of Amarantus since its founding in 2008. He was instrumental in sourcing the seed funding for the company in 2008, assisted in developing a strategic corporate development pathway that involved the recruitment of relevant expertise, identification of appropriate development strategy, liaising with expertise to define development pathway, creation of a technological mitigation strategy and the identification of appropriate funding partners with a strategic interest in the Company’s technology. Mr. Commissiong also recruited senior executives to the Board of Directors to guide the company’s growth and generated its official marketing materials, including investor brochures, corporate handouts, email newsletters and other materials necessary to raise awareness of the company. Prior to co-founding Amarantus, Mr. Commissiong played professional football for the Calgary Stampeders of the Canadian Football League. Mr. Commissiong holds a B.S. degree in Management Science and Engineering with a focus Financial Decisions from Stanford University.

Mr. Commissiong will continue to accrue his current monthly salary of $6,000 following his appointment as President and CEO.

On October 17, 2011, Arnold T. Grisham resigned from our board of directors. Mr. Grisham’s resignation was formally accepted by the Board of Directors on October 23, 2011. There was no known disagreement with Mr. Grisham on any matter relating to our operations, policies, or practices.

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http://www.sec.gov/Archives/edgar/data/142481...-index.htm