From the filing:
In regards to what Ivan Berkowitz is doing for NV this is what it states:
***
He is Chairman of the Audit Committee and a member of the Compensation Committee of the Board of Directors of New Visual.
***
Here is a description of those committies:
Our Board of Directors operates with the assistance of the
Audit Committee and the Compensation Committee. The function of the Audit Committee is to:
o make recommendations to the full Board of Directors with respect to appointment of the Company's independent auditors;
and
o meet periodically with our independent auditors to review the general scope of audit coverage, including consideration of our accounting practices and procedures, our system of internal accounting controls and financial reporting.
The function of our Compensation Committee is to review and approve the
compensation arrangements for our executive officers. The Compensation
Committee, which consists of Celso B. Suarez, Jr. serving as Chairman, Ivan
Berkowitz and Lilly Beter, did not meet during the fiscal year ended October 31,
2000.
With Ivan's huge compensation, I hope he's doing MUCH more than this. Best regards, Elder.
