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Re: Acumen post# 153946

Tuesday, 07/08/2014 3:53:46 PM

Tuesday, July 08, 2014 3:53:46 PM

Post# of 157299
I don't think the path to enhancing the board's performance is through subtraction IMO, I would first be more concerned about the right additions than subtractions. I think we would be better served by first adding the right people before worrying about subtracting anyone IMO.

I would personally be interested in seeing two things discussed here on Ihub WSGI town:

1. The theoretical profile of a "good" board member--especially given WSGI's present constrained circumstances. For example, you have to be a risk taker IMO since the present atmosphere is potentially litigious and companies like this don't usually get D and O insurance as I understand it.

2. This one is harder, but some shareholder board member candidates--either from known shareholders like the Maguires or from aliases here on Ihub WSGI. If you suggest someone from the Board, please express why--like, "I suggest Run because of his accounting background and rigid realism" or "I would have liked to see RW because of his grasp of GTC potential" or etc., etc.

I am going to exempt myself because I am just a magnet for negative feelings and attitudes anyway IMO. I see no evidence that the present board of directors would be resistant to appointing candidates from among the investor pool after appropriate due diligence was done. The exercise is purely hypothetical of course but it could be enlightening and could even lead somewhere practical IMO. But I personally would focus on the right additions and not so much on trying to win by subtraction. JMO. IJO

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