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Message: Interesting

Interesting

posted on Oct 29, 2009 12:01PM

It was odd to look around the room last night and note that only one individual present had made significant gain through the sale of shares (as far as public information reveals). How much did said individual pay for his shares? Nadda from what we can tell. So I started to investigate TSX policy and governance guidelines on the relationship between a CEO and the Chairman of the Board. Take a look at this document. It certainly appears that for the past few years the DYA board has been non-conforming, especially with respect to 'Independence' and the setting of CEO renumeration. I may be reading these guidelines wrongly (please let me know if I am), but it certainly raises many questions as to why, if indeed the guidelines have not been followed, the 'board' didn't do something to correct the situation and protect us shareholders as required.

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