Capstone Companies Inc (CAPC)

[Salve Lucrum]

Basically Townie I anticipated a move further "uptown".

The following,redacted from a legal treatise, expands on the qualification requirement for directors of Exchange listed stocks:

Qualitative Listing Requirements

...... an issuer applying to list its securities on an Exchange must also be able to satisfy certain qualitative requirements, including a number of corporate governance requirements. Most notably, a domestic issuer1 must have in place:

a board of directors comprised of a majority of independent directors;

a chartered audit committee comprised of at least three independent directors3 who are able to read and understand fundamental financial statements, have not participated in the preparation of the issuer’s financial statements during the preceding three year period and one of whom qualifies as financially sophisticated;

means by which director nominees are selected, or recommended to the board for selection, by either a chartered nominations committee comprised entirely of independent directors or a majority of the board’s independent directors;

means by which the compensation of executive officers is determined or recommended to the board for determination by either a chartered compensation committee comprised entirely of independent directors, or a majority of the board’s independent directors; and a code of conduct and ethics.

Hope this helps.