The BeBop Channel Corporation (OTCMKTS:BBOP) has officially opened up its search to build its Board of Directors within its avant-garde organizational structure, as announced on October 21, 2022. The company is constructing its board to consist of representatives from nonprofit and for-profit entities from a wide range of arts disciplines, products and services. The goal is to fulfill its mission to build a Global Arts Hub.
Trading Data
On Friday, BBOP stock ended flat at $1.0000 with more than 300 shares, compared to volume of 958 shares. The stock moved within a range of $1.0000 – 1.0000 after opening trade at $1.0000.
BeBop Announces Board Member Requirements and its Unusual Board Structure
The Board is to be divided into three areas of service depicted by the colors Blue- B2C, Yellow- B2B and Red- Specialty. The B2C aspect comprises jazz record labels, theatrical companies, dance troupes, festivals, instruction classes, magazines, radio stations, retail stores, etc., while the B2B wing is film production companies, booking agencies, data publishers, video editing, graphic design, marketing and advertising firms, venues, and more. The Specialty part is legal and regulatory, financial and investment, celebrity networking, etc.
Candidates need to represent for-profit or non-profit entities that come under the Consumer, Business or Specialty categories, and have a clear legal disciplinary history according to OTC Markets. A two year-term is mandatory too (most remote conferencing).
The represented entities are to receive stock compensation for their level of contribution to the platform, not individual board members, in order to avoid conflict of interest concerns. Moreover, entities will operate under MOUs creating a non-profit styled structure within a public company.
Key Quote
“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.
