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2/21/2018 2:48:15 PM
 
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Section 5: OPA Board Subject: Theft & Corruption at YC Msg# 1005902
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what assurance would the OPA members have that any resulting actions be taken?
None. However, what then is your point? Are you saying because we cannot guarantee what future boards will do that we should do nothing? |
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For reference, the above message is a reply to a message where: Staying with that line of thought, your previous mention of an appointed trustee warrants more credence. If an audit was requested, the existing OPA BOD would have to allocate funding and resources, possibly for multiple budget periods. As previously mentioned, with the potential change of OPA BOD every 12 months, an audit would surely become a line item on the budget. And the mechanism to change policy/procedure/personnel, if so recommended, would also fall to the sitting OPA BOD. What if, pure speculation, an audit recommended dissolving the OPA BOD and replacing management with a contracted 3rd party; what assurance would the OPA members have that any resulting actions be taken? If OPA were a publically traded company, the BOD would ultimately answer to the shareholders. Most major corporations have an Audit & Finance Committee, which wields considerable control and influence. Absent of significant control and influence, I agree the need for an independent appointed trustee is warranted and justified. |
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