Independent directors would increase transparency/confidence in UBRG, distro.
Most public companies appoint one or two independent non-executive directors to their Board. Those directors give an outside perspective. They also prevent some of the excesses that executive directors can be prone to. Executive salaries might be reviewed, for example, and over-optimistic press releases might be held over until deals are more than mere possibilities, for another.
I'm not confident that some contributors to this Bulletin Board would fit the bill in terms of their 'independence'.
I'm not confident that the existing UBRG directors would accept proposals which improve the transparency of their activities.
My lack of confidence comes, in part, because of the debacle over their proposed Conference Call with shareholders.
Many reputable companies have an Audit Committee which meets each quarter, prior to issue of the 10Q., to vet its contents.
Just an idea for the directors to consider, if they are serious about increasing transparency to shareholders.