EKS - I did not mean to imply that you were one of those suggesting that the board of directors were acting in a fraudulent manner.
"...My only comment was that the current board reflects experience from industry sectors that are not relevant to our new company's focused vision; 'Networks', the 'Internet' and the 'corporate Intranet'..."
Novell needs board members that are experienced and in touch with "Networks and the Inter/intranet" as well as other industry sectors. For example, finance, global commerce, organization, manufacturing, quality assurance, and yes, even legal. This is not meant to be an exhaustive list, but to illustrate that the company does not survive by "Networks" alone.
"...I would like a new CEO to have as much latitude as possible to nominate a board that will help him/her to implement their business plan. Therefore, we really need to know who the new CEO will be BEFORE we can identify board candidates that complement the new CEO's 'vision'..."
I may be a little rusty on this, but I thought the board of directors selected the CEO -- not the other way around. As I remember it, the shareholders elect the board of directors, the board then selects a CEO and appoints the officers of the company: President, Secretary, Treasurer, and Vice Presidents. But, you raise an interesting point: how are the new board members nominated? By committee, or the current Chairman of the Board? I can't believe they are nominated by the president. Do you think Peter Troop would enlighten us on the process if requested?
Elmo |
