Helix Resources (ASX:HLS) has announced an updated remuneration structure for Managing Director Michael Rosenstreich effective from July 1, 2023.

This includes a fixed salary of $285,000 per annum, exclusive of superannuation, with variable short-term and long-term incentives.

The changes come as the company seeks to retain Mr Rosenstreich's services and align his compensation with market rates.

Shares of Helix Resources closed up 20% today.