[Kzyxtalk] my opening statement at tomorrow night's KZYX Candidates Forum
John Sakowicz
sako4 at comcast.net
Tue Mar 14 14:57:24 PDT 2017
Good evening voting members of KZYX. Thank you for listening tonight.
My opening statement is not a declaration, but a series of questions of the other candidates. Indeed, it's a series of questions I have for the entire Board of Directors at KZYX.
Here we go.
>From Section 309 of the California Corporations Code (and I'm reading word-for-word): M
(a) A director shall perform the duties of a director, including duties as a member of any committee of the board upon which the director may serve, in good faith, in a manner such director believes to be in the best interests of the corporation and its shareholders and with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.
I want to know from the other candidates what is your idea of "reasonable inquiry"? What are a director's reasonable inquiry responsibilities?
Also I want to ask, is reasonable inquiry anything like requesting annual four-year line item information for operating statements, balance sheets and cash flow statements from the GM, as KZYX policy requires?
Finally, I'm asking the other candidates what measures you think should be taken if the GM fails to provideannual four-year line item information for operating statements, balance sheets and cash flow statements?
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