AS the Monarch Gold share price keeps sliding, shareholders must...

AS the Monarch Gold share price keeps sliding, shareholders must have wondered with some bemusement why director David Humann was appointed to the post of deputy chairman.

Humann is somewhat of a board junkie, and has no fewer than 12 posts according to his CV on Bloomberg.

But deputy chairman? Not even Rio Tinto or BHP Billiton has such a position on their boards.

According to Michael Kiernan, Humann's input will be “critical” as Monarch looks to fulfil its promise of production on a number of fronts.

“David's corporate experience and track record will be an asset to the company and its shareholders,” Kiernan said.

Does it mean that Humann gets more of a say in board discussions now that he is deputy chairman, as opposed to just being a non-executive director?

Will the input be more valuable now?

Or is Kiernan just looking to anoint a deputy, just in case he wants to step down or move sideways one day?

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