Just a further example of the misalignment between Director...

Just a further example of the misalignment between Director salary remuneration, the lack of equity based share options and shareholder value. As long as the salaries are coming in, what motivation is there to create s/holder value for these guys?!

1. In 2013 Johnson was issued 3,000,000 options that had a 5 year time period and an exercise price of 0.30c. These expired in 2018. Reason, SRK SP price was only around 0.05c.
2. No options in BEL, OEQ or QUE. In fact, this statement was basically copy and paste for all three:
3. The spin out of LEL from SRK saw 10,000,000 options go to the directors. These have a 24 month escrow period and an exercise price of 0.30c. There were no performance targets set for these to vest. Seems like pretty easy money for very little effort.
4. SRK Directors granted options 4 December 2020. Exercise date of 3 December 2023 at price of 18.5c.The Directors’ Options may only be exercised after they have vested. The options have vestingconditions, as followsa) As to two-thirds of the options - upon the attainment of ‘Milestone 1’ – being the receipt ofproceeds of sale from the shipment of the first 100,000 tonnes of iron ore mined from theCompany’s Paulsens East Iron Ore Project located in the Pilbara, Western Australia (Project);and(b) As to one-third of the options - upon the attainment of ‘Milestone 2’ – being the receipt ofproceeds of sale from the shipment of the first 1,000,000 tonnes of iron ore mined from theProject.

These options are actually a step in the right direction. However my thoughts are that when these were granted they thought it would be a slam dunk. I just cant see what pressure they are under to deliver given they have pocketed so much in remuneration over the years.