Michelex Corp (fka MLXO)

[sawdin]

The makeup of the Board of Directors for any given company can vary greatly. Most large companies will usually have more than three members on the BOD, with one member usually being the CEO of the company and the other positions filled by 'notable' persons from across various industries and academia who are not employed by the company. For example, at the bottom of this post is the BOD for Apple.

For most Pink Sheet companies, the BOD is often comprised of individuals who directly run the day-to-day operations of the company and/or those individuals who hold a majority of the outstanding stock of the company. Often, these people are one and the same, and as such they do whatever they want, often-times enriching themselves at the expense of the rest of the shareholders.

Michelex' new board will be comprised of three people; Mr. Kakani, Mr. Lasusa and me (FYI, Mr. Kakani requested that I be a candidate for the BOD, and after much thought, I agreed). Comploaf replied to your post with a link to the 'consent form' cover letter that includes brief bios for Mr. Lasusa and me. Please note that Michelex' new board will have 5 positions, but only three will be immediately filled; the remaining two will be left open in case additional sources of funding require board representation.

If you review Michelex' history since Messrs. Lacle, Syed and Saleem became involved, and subsequently Mr. Kakani, I think you will discover that Mr. Kakani is the only one who seems committed to operating Michelex as a transparent company that will hopefully create value for all of Michelex' shareholders.



Apple's Executive Mgt. Team and BOD

Arthur D. Levinson, Ph.D.
Chairman and Chief Executive Officer
Genentech, Inc.

William V. Campbell
Chairman and former CEO
Intuit, Inc.

Tim Cook
CEO
Apple

Millard S. Drexler
Chairman and Chief Executive Officer
J. Crew

Albert Gore, Jr.
Former Vice President of the United States

Robert A. Iger
President and Chief Executive Officer
The Walt Disney Company

Andrea Jung
Chairman and Chief Executive Officer
Avon Products, Inc.

Ronald D. Sugar, Ph.D.
Former Chairman and CEO
Northrop Grumman Corporation