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Re: berigud post# 5381

Tuesday, 03/19/2024 11:22:15 PM

Tuesday, March 19, 2024 11:22:15 PM

Post# of 5699
If the CEO dies, it's the board's responsibility to appoint a new CEO. If they're aware that the CEO is in poor health and haven't made plans for a smooth transition to new leadership, they should probably expect a shareholder lawsuit. If the CEO is currently unable to manage the company, the board is in breach of their fiduciary duty to shareholders. I suspect the 2 board members that IVDN has are drinking buddies of Joe who have no clue what their responsibilities and/or legal liabilities are. If the board doesn't have someone in the wings waiting to take over the company, I expect IVDN will go belly up in short order.
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