Verde Agritech Ltd T.NPK

CV appointed as Chairman

[Ciao]

No surprise here but no Chairman (or acting?) since 2013?

https://www.stockwatch.com/News/Item/Z-C!NPK-3059573/C/NPK

Cristiano Veloso has been appointed chairman of Verde Agritech PLC's board of directors and Michael St Aldwyn has been appointed lead independent director of the board.

Mr. Veloso, Verde's Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five independent directors and Mr. Veloso as sole executive director. The position of Chairman had been vacant since December 2013.

[15Stanmore]

Hello Ciao, So who did Mr. Veloso report to between 2013 and 2021? Who set and approved Mr. Veloso's terms and conditions of employment, who set and monitored his performance targets, who decided when it was appropriate/required to award stock options and annual bonuses? Who was the fiduciary looking after the interests of the Corporation and its stakeholders, as a counterbalance against Mr

[Ciao]

Hi Stan, No doubt that your recent inquiry led to the "formal" filling of the Chairman's position by CV.  When you buy a company, you are buying management: we see a one man show here with complete control of the company. The bonus given in Q4 will likely be the final straw for some of us here. As I alluded to before a target of 350K tons is not the type of growth I was

[15Stanmore]

Hello Ciao, While I agree with your observations, Verde Agritech plc is a UK incorporated public company whose shares trade on a Canadian stock exchange. As such, it corporate governance falls under both UK and Canadian/Ontario securities statutes which impose a fiduciary duty on it Board members and officers. A fiduciary duty requires members of the board and senior officers (CEO and CFO in

[Ciao]

Stan, As long as I am a shareholder, I have a vested interest, and yes you can count on my support here. I will however "react" accordingly to corporate developments esp. if I do not see positive changes in corporate governance, compensation and a clear timeline to up tonnage beyond phase 1 (why do we await an updated PFS if we are in phase 1 production and are not using the term

[Abruzz0]

I have to agree with Stan. This latest PR has put me at ease because it shows that Christiano will be chairperson without added powers or remuneration. The Lead Director seems to also be a solid counter-weight. Ciao, as for Verde's growth, keep in mine that this is real-world mining and not online data mining. It is not trivial to rev-up production and Verde is still more than doubling up