As lead board of director per Sarbanes Oxley Gregory Barmore has a duty to communicate with any shareholder of NOVC. Ask him who the Affiliates/Associates are as referenced in Agreement filed on 8k April 27th? Why NOVC board has not changed the name of Novation to Corvisa including trading Symbol CCLD so the CEO can do what he has promised build a relationship with investment community. SEC docs state we are all in Corvisa. Ask him why Corvisa has not removed Paul Gregory the boyscout Chief Revenue Officer after flat yr over yr Q1 revenue. Paul Gregory a VC and Merrill Lynch finance person not tough enough to play in Corvisa space. Ask James Noah, x CSO of In Contact SAAS to return although I doubt he will unless Corvisa employees a new CEO that knows Corvisa market, customers, technology, analyst both technical like Donna Fluss of DMG x Gartner and James Davies of Gartner London and financial like Piper Jaffrays. What is the status with restructuring Sr. Debt. Wes Edens of Fortress made over one BILLION on LEAF in one month and could be stimulated to convert NOVC Sr Debt not due until 2033 & he partial owns ROI 1% till end of this yr then a paltry 3 month libor + 350 bpts. NOW is the time. One incentive is to allow FIG to reinvest more cash and restart LEAF look a like Novastar Financial the only business model Lance Anderson has demonstrated he knows how to run or at least the men he hired knew how to run Dave Pazgan, x President of Novastar Mgt we worked so hard to protect, Steve Haslam still paid to sit on the Tampa beach, Chris Sullivan who love his old job back and was recently burried in Tampa Advent FS operation by Anderson. Portfolio Mgt can be sub to Credentia Group NFI aka NOVC x quant team. Ask Barmore for the game plan as Lead BoD. He has remained in stealth long enough for his attached to the hip CEO Lance Anderson benefit. It is time to align shareholder value. IMHO Have a nice Memorial Day Weekend.
Gregory T. Barmore currently serves as the Company’s Lead Independent Director. The primary responsibilities of the Lead Independent Director are to:
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• | Approve an appropriate schedule of the Board of Directors’ meetings, seeking to ensure the independent directors can perform their duties responsibly while not interfering with the flow of the Company’s operations; |
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• | Review agendas for the Board of Directors and committee meetings; |
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• | Assess the quality, quantity and timeliness of the flow of information from management that is necessary for the independent directors to effectively and responsibly perform their duties, and although management is responsible for the preparation of materials for the Board of Directors, the Lead Independent Director may specifically request the inclusion of certain material; |
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• | Whenever appropriate, direct the retention of consultants who report directly to the Board of Directors; |
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• | Assist the Board of Directors and the Company’s officers in assuring compliance with and implementation of the Corporate Governance Guidelines and be principally responsible for recommending revisions to the Corporate Governance Guidelines; |
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• | Coordinate an agenda for the Board of Directors’ independent directors; |
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• | Evaluate, along with the members of the Compensation Committee and the full Board of Directors, the Chief Executive Officer’s performance and meet with the Chief Executive Officer to discuss the Board of Directors’ evaluation; and |
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• | Review the membership and performance of the various Board of Directors Committees and Committee Chairs. |
The Lead Independent Director is elected on an annual basis by a majority vote of independent directors. The performance of the Lead Independent Director is evaluated annually by the Board of Directors and where the Lead Independent Director is not sufficiently active or successful in providing meaningful leadership for the Board of Directors, the Lead Independent Director will be replaced.