Replies to post #5381 on Innovative Designs Inc (IVDN)

[NevoTX]

If the CEO dies, it's the board's responsibility to appoint a new CEO. If they're aware that the CEO is in poor health and haven't made plans for a smooth transition to new leadership, they should probably expect a shareholder lawsuit. If the CEO is currently unable to manage the company, the board is in breach of their fiduciary duty to shareholders. I suspect the 2 board members that IVDN has are drinking buddies of Joe who have no clue what their responsibilities and/or legal liabilities are. If the board doesn't have someone in the wings waiting to take over the company, I expect IVDN will go belly up in short order.