The management and directors of National, as a group, owned less than 5% of the outstanding shares.
Sixteen percent said the boards were considering target amounts of stock that directors should own.
Georgia Gulf's directors and officers own about 17 percent of the company.
Additionally, these directors may not own stock in a bank or a bank holding company.
But it would be a lot better if all companies required directors to own stock.
Officers, directors and other insiders own an additional 9 percent.
It is also likely to add some momentum to efforts by many large pension funds to have directors own more of their company's stock.
Ideally, he prefers that directors and officers own 2 to 10 percent of a company, depending on its size.
Officers, directors and employees own about 6.4 percent of the 6.4 million shares.
Interco's officers and directors as a group now own only about 1.14 percent of the 36.2 million shares outstanding.