Replies to post #190538 on Avid Bioservices Inc (CDMO)

[geocappy1]

My understanding is Delaware law is very protective of the BOD and all members are pretty secure as they only need one vote.

Bottom line is that the only way the BOD is changing is if the company decides it is a good idea or some type of legal challenge is put forth. I do not know what Delaware law says about proving some type of negligence or what.

Barring some major holder such as Blackrock, Dart, etc getting together and forcing the company's hand or the company deciding now is a good time to add a couple of BOD members, it ain't happening.