JLA, thanks for your perspective, it is very helpful. You are correct that Mr. Kemp may have given advice that was not followed and that he therefore has a lesser (or even no) level of responsibility for what went on (that is, assuming there were any improprieties and all I know about is what the ASE/ASC, who themselves have a pretty bad reputation, have alleged). However, if there was something seriously wrong going on, a board member, especially one who is an attorney with a firm giving expensive legal advice to the same company (and believe me, even major law firms have not handled matters properly and had to face the adverse consequences), should resign and make his reasons clear so that something may be done about it; he should not simply stand back and allow it to occur over his objection. Again, I am not saying this happened here. Rather, I am saying if it did, it should not have.
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