"Corporate Governance Corporate governance impacts our business direction and how we manage relationships with valued stockholders and prospects. We are committed to excellent corporate governance principles that guide our business practices and performance at Plastic2Oil."
Maybe he doesn't know what "corporate governance" means. Because if he was committed to it these committees would already fully functional:
Board of Directors Committee Chairs
Audit Committee: To be confirmed Compensation Committee: To be confirmed Nominating Committee: To be confirmed"
He would have been more correct to say that "We are committed to having no corporate governance principles at all and that failure has guided our performance at Plastic2Oil for over a decade and continues to do so today".