Heska has a weak board of directors presided over by
CEO Robert Grieve. Most BODs exert independent council
and influence over the actions of a company. In Heska's
case board members have been chosen from fields
entirely unrelated to the veterinary industry. The board has
been a rubber stamp for the wishes of Heska's founder.
IMO corporate governance has been questionable over
the past three years. Louise McCormick's role on the
board was to oversee corporate governance issues.
Louise' sudden move to resign prompted HSKA to appoint
Sharon Riley as replacement to the corporate gov.n role.
(My condolences to Sharon for this scary promotion?)
Heska's move to reduce headcount on the board from
8 members to 6, leaves Bob Grieve free to continue his
unchecked questionable decision making.