Directors do not need to own shares to prove faith in a company, says the chairwoman of regional bank Auswide.
Acknowledging her views on stock ownership – known as “skin in the game” – would be considered wrong by some, Auswide chairwoman Sandra Birkensleigh argued she believed a truly independent director actually should not own any shares.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
