Progressive Care Inc (RXMD)

[stockforce]

Robert Bedwell is currently a FULL Time (Note not part time like CFO Cecille Munnik) Chief Compliance Officer of NextPlat. There was no such a position at the company before. His current full time title at Progressive Care is Director of Administrative Services.

"DO YOU NEED TO HIRE A COMPLIANCE OFFICER?
Now you know what they do, but what is a compliance officer to your business? How can you tell if you need one of these professionals? The answer isn’t always straightforward, but there are some factors to consider when deciding whether to hire a compliance officer.

First, evaluate your company’s size. How many employees do you have? Where do you stand in your industry’s market? Have you grown significantly in recent years? These are all questions that can help you decide if you need a full-time compliance officer.

Smaller businesses may not need a dedicated compliance officer, but larger companies with complex operations and more employees could benefit from their guidance. Here are some other factors to consider:

YOUR INDUSTRY
Your industry should be one of the first considerations you make. This is because companies operating in heavily regulated industries often face a significant compliance burden, and those burdens can be hard to manage without professional help.

By hiring a full-time compliance officer with industry-specific expertise, businesses can ensure they meet all necessary requirements, mitigate risks, and avoid the potential legal and financial consequences that accompany non-compliance.

Examples of heavily regulated industries include:

Oil and gas
Healthcare
Finance
Construction"

https://insightglobal.com/blog/does-your-company-need-a-compliance-officer/

Now we know why NextPlat paid $125,000 to Bedwell to hire him as a CCO. This is because healthcare will be the core business of NextPlat.
https://contracts.justia.com/companies/orbital-tracking-corp-1828/contract/260160/