Post by
barrywhit on Jun 05, 2023 4:22am
Special Committee
Akiba, could you enlighten me as to why the special committee was formed and who are the 2 Directors on the committee and how many are on the committee??
Director fees: Q1 2023 fees increased compared to Q1 2022, increase arises from the special committee, which was set up in November 2022, it’s comprised of two directors and each member of this committee receiving $8,000 per month. The increase is slightly offset with the departure of a director in November 2022.
Comment by
AkibaLeisman on Jun 05, 2023 12:07pm
It's the 2 non-Americans on the board (hick and Mario) set up to handle anything that was captured by our American recusal policy, which to date has been very limited.
Comment by
barrywhit on Jun 05, 2023 12:26pm
Akiba, Thanks for your reply. So do the 2 Non-Americans draw $8k each per month or only when the committee sits?
Comment by
AkibaLeisman on Jun 05, 2023 2:46pm
It's per month. It's also something that was to be revisited based on the level of activities that were needed, which are lower than the already low expectations from when this was set up. Give me until the end of July on this.