Xcelerate Inc (XCRT)

[wxdog]

OTC Market Glossary

Independent Director

An Independent Director means a person other than an executive officer or employee of a company or any other person having a relationship which, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out their responsibilities as a director.
The Two Independent Directors badge on a company’s profile at www.otcmarkets.com means that the company has self-reported to OTC Markets that their board of directors contains at minimum two Independent Directors.
OTCQX and OTCQB companies are subject to the definition of an Independent Director found in the OTCQX Rules and the OTCQB Standards respectively.