appointment of non-executive chairman

Mr.Reg Gillard appointed to above position. $65,000 PA.
" Mr Gillard has been involved in the exploration and mining sectors for over 20 yrs where he has specialised in the areas of corporate management, corporate governance and the evaluation and acquisition of mineral projects worldwide. In addition, Mr Gillard has also developed a close working arrangement with a number of substantial Australian and international investment funds and has been closely involved with the funding and listing of a number of public exploration and mining companies located throughout the world.
Seems to me that $65,000 is cheap bikkies if he has the keys to the vault.
Roll on PGM