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Microcap & Penny Stocks : IMDS nasdaq bulletin board

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To: Dan O who wrote (2997)3/28/1999 10:35:00 PM
From: gao seng  Read Replies (1) of 4122
 
Critics Demand: 5. An independent shareholder committee that is NOT controlled by insiders should determine compensation practices and approve transactions with related parties.

Defenders Response:5. Aren't board members of any company considered insiders?

Critics Answer: 5. You know exactly what I mean - non-family, third party business leaders who are not going to rubberstamp managements self enriching decisions

I think the problem is rampant among American Corporations. If you think this is an infuriating answer, then know this: Your Congress is deciding to raise your taxes again, while at the same time giving themselves a nice fat pay raise. And I thought there is an independent board of American voters?
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