Have Nader and Kelly formally announced they have
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Posted On: 07/16/2021 12:29:13 PM
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Have Nader and Kelly formally announced they have removed themselves from the audit and compensation committees?
Both the audit and compensation committees consist of three people. Nasdaq regulations require the majority of members to be independent. The audit committee is comprised of Jordan G. Naydenov, Alan P. Timmins and Gordon A. Gardiner. The compensation committee is comprised of Jordan G. Naydenov, Alan P. Timmins, Gordon A. Gardiner and Samir R. Patel, M.D.. All of them are considered independent directors.
https://www.cytodyn.com/investors/corporate-governance
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Further, there is a 180 day cure period after formal announcement before the board is considered in compliance.
Which is neither here nor there since substantial revenue is not expected in the next 6 months.
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Be careful on the accusations of misinformation.
It's misinformation.
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