Forum Archive Index - July 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi Mike, very good point with regards to share options however I still find
it odd that some directors don't own any or even a symbolic (as Ralph Norris
does) parcel of ordinary shares.

There are two ways you can look at it really, your way and saying that a
holding symbolises a vote of confidence in the company.

Best Regards

Ben Dutton


----- Original Message -----
From: "Mike Hudson" <mikehudson@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, July 11, 2002 10:33 AM
Subject: Re: [sharechat] Air NZ Board


> I don't find it that laughable.
>
> I believe that many of the current "acounting issues" that are surfacing
in
> the US have poor governance by the Boards of Directors as their roor
cause.
> In a situation where the directors' remuneration is dependant on the same
> criteria as the management's i.e. profit on share options it is hardly
> surprising that directors will turn a blind eye to the excesses of
> executives. If it was up to me I would ban share options from being issued
> to directors.
>
> I would much rather see a board of strong disinterested directors acting
in
> the interests of all shareholders rather than a bunch of  lackeys in the
> pockets of management or a cornerstone shareholder.
>
> Interestingly this seems to be the pattern in the UK where many of the
> directors of public companies do not own shares in their company.
>
> Cheers
> Mike H
>
>
>
>
>
>
>
> ----- Original Message -----
> From: "Ben Dutton" <bendutton@sharechat.co.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Thursday, July 11, 2002 10:30 AM
> Subject: [sharechat] Air NZ Board
>
>
> > Is it just me or is this laughable to the extreme:
> >
> > "They may be doing their best to reinvigorate the national carrier, but
> most
> > of Air New Zealand's directors have yet to back their governance prowess
> > with their money"
> >
> >
>
http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=2097005&;
> >
>
thesection=business&thesubsection=transport&thesecondsubsection=aviation&the
> > tickercode=AIR
> >
> > The chairman of the board does not own a single share of his company!  A
> > vote of confidence?
> >
> > Ben Dutton
> > (laughing but laughing sadly - disc. no Air NZ)
> >
> >
>
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