Hi Rod
Points I would like to make, Firstly I share your views and also want all directors fully invested in our companies, BUT
There are 3 extremes and a possibility.
1 Directors that see free company shares and handouts as their right to riches, disregarding and in some cases stealing from shareholders with poor workmanship and outcomes serves only them and they know this.
2 Directors that want to do their job with integrity and deem the salary sufficient for effort, NOT treating the company as a gravy train. This is a somewhat hardcore stance for integrity and clarity of purpose without distraction.
3 Directors that take very large positions in a company of their creation, or not, their holdings protect the company and shareholders from hostility and these directors contribute to all capital raisings, keep salaries real and are very disciplined on director remuneration.
4 Directors that want to buy shares and for whatever reason, that is not possible right now, they are fully committed to the company and see great opportunity in investing here in Godolphin. Have a goal in mind,
As a shareholder, given the choice, I would pick no 2, no 3, no 4. Two are extreme positions, middle ground is a work in progress and we never know where that leads, we may be pleasantly surprised.
Thank goodness we do not have option 1 in Godolphin
So when you look at Ian Buchhorn, WOW you could not ask for better commitment and conviction. Nothing will stop Ian from showing his style of leadership, protecting all shareholders.
Jeremy Reid shows an equally convicted position of NO shares - Let me qualify this.
https://godolphinresources.com.au/downloads/reports/grl_ar2021.pdf Page 11 (Study Pg 11)
The last Annual shows that Jeremy has no bought shares, no gifted shares and no shareholder funded shares. Jeremy is not looking for a free ride.
Jeremy is not looking for shareholders to support his lifestyle beyond his negotiated salary package entitlements.
I commend this position of self discipline, Jeremy feels it is needed in his position and he follows through.
I repeat.
I have been told by Jeremy that he believes an arms length (Non Shareholder) position as Non Executive Chairman enables him to do his job effectively with clarity and without influence. I do not agree, but can understand the professional stance and integrity taken to this long held belief.
Jeremy Reid is a valuable member to the Godolphin team and I feel his moral position does not affect his work commitment.
I do believe that Jeneta will buy shares in Godolphin, we will just have to show a little patience.
Rod, I would like all directors to be committed like Ian, but that is not realistic, and not possible, we have a clear leader.
Not everyone has the vision, means and dogged long term entrepreneurial determination Ian displays.
Some times motivated, equally talented younger people without enormous liquid means bring a lot to the table, they relish and seize the opportunity to run like the wind, they do understand shareholders high expectation and are willing, time appropriate.
I think we have a great management team.
We shareholders can nurture and encourage what's important to us over time, believe me when I say that we are heard.
We should be willing to engage and consider other perspectives.
Ultimately we as shareholders feel that a director with money in the game is most committed, that is not the case for some individuals.
RED
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