Avid Bioservices Inc (CDMO)

[bfiest]

I never said anything about compliance. The ISS is a proxy advisory firm that does hold weight in the investment community. I merely fact checked their PR. Could there be ulterior motives. Absolutely. That’s why protections for shareholders are in place. This simply indicates that the reason they provided in the PR was legit. Trust but verify. The ISS scoring system is explained below. I’m good with good governance. But I also know there is a lot that has yet to play out. Personally I was never a fan of the poison pill. The previous board used it to entrench themselves. I’ve done my research and poison pills, generally speaking, are not shareholder friendly. But I do recall you and I having this discussion before — both on opposite sides of the argument.


ISS Scores range from 1 to 10, with 1 indicating the highest level of governance quality and lowest level of governance risk. ISS analyzes a company's corporate governance risk based on specified factors across four topical categories: Board Structure, Compensation, Shareholder Rights and Audit & Risk Oversight