Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Gailon Arthur Joy]

3ABN's annual membership meeting and first Board meeting of the year is on Thursday, January 24, 2008, and we trust the Membership will significantly expand and the board
will significantly change!!!

Gailon Arthur Joy
AUReporter

[Artiste]

Interesting, Gailon...how do you think the Board might change?

[Chrissie]

3ABN's annual membership meeting and first Board meeting of the year is on Thursday, January 24, 2008, and we trust the Membership will significantly expand and the board
will significantly change!!!

Gailon Arthur Joy
AUReporter

Intersting days ahead. We all need to be praying about this meeting and its outcome.

[Daryl Fawcett]

Those who can should definitely watch and record the 3ABN Live program on that very same evening.

[Gailon Arthur Joy]

I would expect them to adopt changes that would completely restructure the corporation to include some new definition of "members" to give a much broader constituency, the most natural being ASI or its equivalent.

I would also expect to see the board itself restructure a bit as it prepares for a much more serious role in the oversight of the corporation and to include several subcommittees, including its own audit committee. They certainly have the manpower to implement this and management will be much more responsive to the board and far less responsive to the old entrenched management team, including Danny Lee Shelton.
They obviously must do something significant to impress the IRS that they are improving oversight and accountability and try to keep any challenges from the IRS to individuals and not the corporation. We must pray they are successful or a significant investment is endangered.

In summary, I expect a significant increase in the oversight of this and many boards within the Seventh-day Adventist ministries, church affiliated as well as independent.

I do believe this will be very positive step, although considered a bit cumbersome for some of the entrepreneurs in the laity, these are essential to establish due diligence and oversight responsibilities of board members and to keep a lid on inappropriate management and spending processes, and most importantly, to increase accountability to the stockholders in the pews.

[SDAminister]

Are you hoping that the Board will withdraw the lawsuit against Messrs. Pickle and Joy?

[Gailon Arthur Joy]

It would not be possible, or legally sound, for the Board to withdraw the lawsuite against Gailon Arthur Joy and Robert Pickle. Such a move would leave them open to
a claim for misuse of process and expose the lawfirm to liability.

They would have to negotiate a settlement with the defendants and that is possible but hardly in keeping with the objectives they laid out. After all, the lawsuite was clearly neccasary to try to eliminate or handi-cap the continued release of information and documentation supporting the allegations of misconduct, mis-management, poor stewardship of the officers and managers of 3ABN and a lack of proper oversight by the board of directors.

The chairman insists the lawsuite was to bring out the truth about what really happened, but even now they continue to block the production of documentation that is calculated to document our allegations, unless we agree to accept the premise that their documents are subject to impoundment under a confidentiality agreement. Hardly the kind of open and transparent spin they have repeatedly claimed and hardly designed to exonorate the officers and directors of 3ABN.

However, substantial changes to the 3ABN constitution and bylaws and the addition of a constituency, would go far toward acheiving oversight by the stockholders in the pews and certainly gain some accountability for future operations.

However, that will not cure or correct what is already done and there must be accountability for these issues that remain unresolved to this date. That process will require the intercession of the courts and since they have elected to go to court, we will remain in court for years to come.

Gailon Arthur Joy

[Artiste]

Has there been any indication from ones close to the situation that the board might be restructured to increase oversight and better control policies at 3ABN?

[Gailon Arthur Joy]

There have numerous suggestions from various sources that this is in the works.

Gailon Arthur Joy

[Ozzie]

There have numerous suggestions from various sources that this is in the works.

Gailon Arthur Joy

Looking forward to hearing the outcome of this meeting. Of course, I'm a day ahead here, so I was looking to hear someting today, until I realised the time difference! Silly me!

[Artiste]

Well, I know that various people have been praying for a positive outcome of this board meeting.

[Snoopy]

What entitles one to be considered a 3ABN "member"?

[Gailon Arthur Joy]

The constitution and bylaws that was existing at all points relevant hereto defines the Members as the Directors. Members =Directors=members  and every one hand picked by Danny Lee Shelton until the past year. And they were limited to 3-15 but have clearly moved to 17 based on a recent filing with the FCC. Will stacking the board eventually tip the scale in favor of reformers?  Do the reformers have enough time to impress the IRS that they are moving the right direction?  Change is clearly in the wind, the only question is: it it too little, too late???

The stockholders in the pews have way too much invested here to let it go lightly.

Prayer is in order here!!!

Gailon Arthur Joy

[Ozzie]

The constitution and bylaws that was existing at all points relevant hereto defines the Members as the Directors. Members =Directors=members  and every one hand picked by Danny Lee Shelton until the past year. And they were limited to 3-15 but have clearly moved to 17 based on a recent filing with the FCC. Will stacking the board eventually tip the scale in favor of reformers?  Do the reformers have enough time to impress the IRS that they are moving the right direction?  Change is clearly in the wind, the only question is: it it too little, too late???

The stockholders in the pews have way too much invested here to let it go lightly.

Prayer is in order here!!!

Gailon Arthur Joy

How many hours away are we from that meeting now Gailon? We are certainly making it a matter of prayer.

[Fran]

3ABN Today comes on real soon.  I will be watching!