Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

There was only one reason for the appointment of independent directors at then CTIX and it was in an unsuccessful attempt to secure a NASDAQ listing. At the time there was some question about the independence of the candidates, but as you can see there shouldn't have been:
http://media.corporate-ir.net/media_files/irol/87/87823/corpgov/nasdaq_marketplace_rule_4200.pdf

The CEO could have arranged for the appointment of his poker buddies, the folks who did his lawn or a couple of his fellow Synagogue members (one of whom lives 3 houses away from him). NASDAQ rules don't preclude that. And that's what he did.

Whether the Doctors in question are capable in their fields is relevant and they don't seem to be "lightweights" in that respect, but if they have the ability to provide independent counsel in a public company boardroom without being influenced by the CEO, or just as importantly the appearance of such an influence, is a separate question.
The fact that no rules were broken may not be the best criteria for judging the value and propriety of those appointments.