IT consulting company ICSGlobal (ASX:ICS) has clarified that its former CEO, Tim Murray, was paid around $571,000 during his 10-month tenure.
This payment included $278,000 as redundancy, as part of a final payment of $306,000.
The company's initial disclosure of Murray's remuneration inadvertently used an accounting cash flow estimate of Murray's redundancy payment, rather than the actual amount.
Murray served as CEO of ICSGlobal between 1 July, 2009 and April 30 this year.
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