General rule of thumb these days is an incoming board member...

General rule of thumb these days is an incoming board member buys some shares and $30k worth is often used. There is disclosure requirements of incoming and outgoing board members.

Having no peer interest in a company that someone goes onto the board of is often looked at sideways but the flip side is where too many shares are held by a board member and it becomes their play toy. News Corp, Yellow Brick Road and Seafarms Group are 3 that leap out of the blocks.

It also depends on the board composition and their operating framework and the permutations and combinations of how all this is made up is many and Appendix 4B and the Corproate Governance Statement as lodged by many companies on the ASX is atually very useful and telling. As Robert Kennedy would know this well given he teaches one or more of the modules in one of the Company Directors courses in Adelaide so give him a call and ask him to explain it all.