BeBop Announces Board Member Requirements and its Unusual Board Structure
The BeBop Channel Corporation (OTC PINK:BBOP) is actively seeking to build its Board of Directors, targeting representatives from various arts disciplines to create a diverse, avant-garde organizational structure. The board will consist of entities from nonprofit and for-profit sectors, contributing to the platform's mission of establishing a Global Arts Hub. Each represented entity will receive stock compensation based on their involvement, while board members will not receive individual compensation. The board will be categorized into B2C, B2B, and Specialty sectors, facilitating governance and content delivery across the arts.
- Establishment of a diverse Board of Directors may provide fresh perspectives and enhance governance.
- Stock compensation linked to entity contributions could incentivize active participation from various arts organizations.
- Potential concerns regarding continuity and experience gaps due to the unconventional board structure.
- The requirement for a clear legal disciplinary history may limit the candidate pool.
NEW YORK, NY / ACCESSWIRE / October 21, 2022 / The BeBop Channel Corporation (OTC PINK:BBOP) has opened its search to build its Board of Directors within its avant-garde organizational structure.
The multi-arts platform is constructing its board to be made up of representatives from nonprofit and for-profit entities from a wide range of arts disciplines, products and services to fulfill its mission to build a Global Arts Hub.
The individual board members, which themselves form what is essentially a collective of their represented entities, will provide both physical and digital content and governance to the platform -- including live performance, instruction, print, film, and manufactured products and services covering the Jazz, Dance, and Theatre industries.
"Building a strong foundation where the community can thrive, The BeBop Channel Board of Directors provides a unique way for businesses and organizations to be truly involved in the building of a Global City for the Arts", the company states on its website.
The represented entities are to receive stock compensation for their level of contribution to the platform, not individual board members (to avoid conflict of interest concerns). Additionally, entities will operate under MOUs creating a non-profit styled structure within a public company.
Interestingly, The Board will be divided into three areas of service depicted by the colors Blue- B2C, Yellow- B2B and Red- Specialty:
B2C (jazz record labels, theatrical companies, dance troupes, festivals, instruction classes, magazines, radio stations,retail stores, etc.)
B2B (film production companies, booking agencies, data publishers, video editing, graphic design, marketing and advertising firms, venues, etc.)
Specialty (legal and regulatory, financial and investment, celebrity networking, etc.)
Board of Directors Basic Requirements
Candidates must represent entities (for-profit or non-profit) which fit within the Consumer, Business or Specialty categories outlined above.
Two-year Term (primarily remote conferencing)
Must have a clear legal disciplinary history (as required by OTC Markets)
Stock Compensation issued to the entities represented, not to individual board members (except for sole proprietorships) and based upon the degree of board/company involvement.
Interested parties can visit https://www.beboptv.com/joinourboard to apply.
To read more about The BeBop Channel
Website: beboptv.com
THIS IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to statements of future partnerships.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties.
Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
CONTACT:
Sue Veres Royal
(202) 302-6703
submit@beboptv.com
SOURCE: BeBop Channel Corporation
View source version on accesswire.com:
https://www.accesswire.com/721540/BeBop-Announces-Board-Member-Requirements-and-its-Unusual-Board-Structure
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