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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.850-2.6%Nov 7 9:30 AM EST
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To: Straynut who wrote (12652)2/12/2020 7:42:26 AM
From: old 'n cranky   of 12871
 
In another news

I can proof this stuff for them if they're too busy.

said Mr. Stan Glick, Lead Independent Director
Since when does the NNVC board have a "Lead Independent Director"? Who appointed Stanley?

It's a pretty important spot in at least one respect at NNVC given that one guy wears all the hats AND controls the Company's primary licensor:
"Where the board chair is not independent, including when the role is combined with that of the Chief Executive Officer (CEO), a LID’s presence on the board is vital to ensure there is an independent counter-balance to the chair."
"The LID provides an important point of contact for principal shareholders to raise issues and concerns in normal times or where contact through the channels of board chair, CEO or other executive directors has failed to resolve or where such contact is inappropriate."
"The LID must keep a keen eye on whether the chair is still performing their role to the board’s satisfaction without losing objectivity or independence. They monitor the relationship between the chair and the CEO, and ensure that it is a well-functioning working relationship without becoming too close or powerful."

Funny stuff, right? Poor Mr. Glick.

corpgov.law.harvard.edu

Anybody know when the position at NNVC was created? It should be in the organizational documents somewhere. I'll bet it's not mentioned anywhere in the Corporate Governance PDFs:
nanoviricides.com
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