Directors' Minimum Share Ownership - Not an "empty whimper""Empty whimper" ?
Every director should be as aligned as possible, as soon as possible.
Director Tosto holds only options, so it does not appear she has elected to take shares in lieu of cash directors fees.
She would have read the prior year's Circular before accepting a nomination and seen a minimum share ownership requirement. Or the BoD should have explained the requirement. Or is it just a loose, informal requirement, that does not need to be explained because it is not enforced?
More than one director has failed to have the minimum $ share ownership, and it has happened more than one year.
The fact that a few directors may have much more than the minimum is not an offset to other directors/ insufficient share ownership.