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TJG

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Alias Born 06/20/2007

TJG

Re: None

Tuesday, 03/04/2025 10:28:04 PM

Tuesday, March 04, 2025 10:28:04 PM

Post# of 12412
My god I just can't take this uninformed shit passed off as knowledge 

Number one. Balkin is a Independent Boarf of Director. Take a minute and educate yourself on what that means. He is not a officer of the company. He controls the company because he and the other Independent director own over 50 of the stock. Neither are officers neither draw a salary and neither are considered an employee of the company. They are Independent as defined. Neither will be the new CEO but since there are only 3 BOD if and when a new CEO is appointed those three will vote he or she in

Independent BOD:

An independent board director is a board member who doesn't have a material connection to a company. They are also known as outside directors, non-executive directors, trustees, or external directors. 
Purpose
  • Avoid conflicts of interest
    Independent directors can make objective decisions and avoid conflicts of interest. 
  • Provide outside perspective
    Independent directors can bring new insights and balance to a company's decision-making. 
  • Ensure compliance
    Independent directors can ensure a company operates within the law and its charter.