Webinar Frustration, page-6

I am not convinced at all that " having skin in the game " makes any difference whatsoever. If Directors and management buy shares on market with their own money that may give confidence however most Directors and management get shareholders potential wealth transferred to them through sign-on / performance rights / options ; that is no reason for anything other than distrust of people writing their own rediculous remuneration contracts. Its another example of inappropriate gifting of control from owners to executives and management. Geological / engineering realities are not changed by Directors having skin in the game. Geological complexities behind Dukas prospect are substantial - it is genuine " wildcat " as Santos have said. Directors have an enforceable legal obligation to do their best for company in all aspects at all times already and skin in the game is obsfuscation. It irritates me enormously when Chair and CEO's begin addressing shareholders as " fellow shareholders " ! I would readily vote out anyone who uses that ruse.