Replies to post #307680 on ERHC Energy Inc (ERHE)

[dbernet]

Yes,

And the shareholders voted for the board of directors, who can remove the CEO with a simple vote. Has not happened and won't, because most of us shareholders, along with most of the board, like what current management has done and is doing.

A few of you very vociferous board posters do not and will not have the horse power to change it. You may be the loudest, but you don't have enough shares behind you to even get a call back.

Reality is tough, but there it is.

db

[march2016]

You are correct, the shareholders do own the company. But their ultimate power is limited when it comes to the CEO. My point really was that we can talk all day about replacing the CEO, but we don't have the authority to do so. I think the reason for this is so disgruntled individuals don't act on their on.

Once we establish the chain of command responsibilty, we move past the things we
we can't control, like firing the CEO and on to the things we can control like holding the BOD accountable for the share price.