Someone suggested that I point out that this is misleading. The board is not independent: it’s two executives, one investor, and one other guy.
As of November this year, the board will consist of the CEO, one investor representative, and three members appointed by the LTBT. I think it’s reasonable to describe that as independent, even if the CEO alone would not be, and to be thinking about the from-November state in this document.
(The LTBT got the power to appoint one board member in fall 2023, but didn’t do so until May. It got power to appoint a second in July, but hasn’t done so yet. It gets power to appoint a third in November. It doesn’t seem to be on track to make a third appointment in November.)
(And the LTBT might make non-independent appointments, in particular keeping Daniela.)
As of November this year, the board will consist of the CEO, one investor representative, and three members appointed by the LTBT. I think it’s reasonable to describe that as independent, even if the CEO alone would not be, and to be thinking about the from-November state in this document.
(The LTBT got the power to appoint one board member in fall 2023, but didn’t do so until May. It got power to appoint a second in July, but hasn’t done so yet. It gets power to appoint a third in November. It doesn’t seem to be on track to make a third appointment in November.)
(And the LTBT might make non-independent appointments, in particular keeping Daniela.)