Directors, page-4

I'll ignore and not comment on your assumptions (as best I can) !!

Non Executive Directors receiving "performance shares" or "performance options" not only effects their individual "independent status" as per the Kairos Minerals Corporate Governance Board Charter but is in contravention of the ASX Corporate Governance Council's Corporate Governance Principles & Recommendations 4^th edition. The Company acknowledged such in the Explanatory Memorandum attached to the Annual General Meeting, and I quote:
"The Board acknowledges that the grant of Director Options to Mr Coulson and Mr Lewis as Non-Executive Directors is contrary to Recommendation 8.2 of the 4^th edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations."
"The Board considers that the grant of Director Options is reasonable in the circumstances set out in Section 6.1 above."

~ here is another thought to ponder, why doesn't Kairos Minerals have a Renumeration and Nomination Committee?
~ given that they don't, why doesn't Kairos Minerals engage a remuneration consultant to advise the Board on Non-Executive Director remuneration?

Director independence will be for another time and post .. .. ..

As your knowledge of the machinations of a mining / exploration company director remuneration excels mine, could you explain when Coulson stepped down from the Board;
~ why has the Company agreed he remains in an advisory capacity to the Company? and what added value is this arrangement to shareholders if you also take into consideration the skill matrix of the remaining board members?
~ why in the Director Final Interest notice was he still holding "Performance Rights"?

You missed the point of the "lengthy post" being that, the issue of "performance options" or "performance rights" to Non-Executive Directors as a means of aligning directors with shareholder value, isn't working as the share price has ultimately not changed in 3 years, shareholders have not seen any wealth appreciation but the amount of shares the directors are accruing is has been steadily increasing.

Furthermore, at no point did I indicate that I wasn't in agreeance with the issuance of "performance options" nor "performance rights" and as a point of preference as indicated on the spreadsheet grabs the issuing of options was my preference as the conversion puts cash into the coffers of the Company, but FWIW I have never been a fan of performance rights.