Urban Barns Foods Directors Adopts Corporate Governance Policies
Urban Barns Foods (URBF.OB), Urban Barns is a leading-edge provider of fresh produce that uses proprietary technology to grow organic food in an indoor environment. Urban farming is a trend that has grown in recent years and we are seeking to establish a firm footprint in the health conscious urban market. Our focus is to ensure optimum quality of produce at a cost effective ratio and aggressively gain brand recognition.
Urban Barns, announced today that the board of directors has established corporate governance policies by the adoption of the following manuals and charters:
Mr. Dan Meikleham, Chairman and CEO of Urban Barns, stated “Now we have completed our first financing agreement we have adopted corporate governance policies. While the Board delegates authority to the company's management to handle the company’s operations, the Board retains the ultimate fiduciary responsibility to shareholders to sustain and enhance value.” “We had already identified the senior executive team to handle the business affairs at Urban Barns however, prior hiring the human capital to run our operations, we have adopted best practices to empower the senior management to run the business within defined parameters to ensure that all business objectives are met.” The Chairman added, “Prior to our planned international expansion, to maintain overall responsibility, we believe it is important to set the corporate governance rules for directing and controlling the operational activity at Urban Barns Foods in the interest of all stakeholders.
On the adoption of the Corporate Governance Manual, Mr. Cesar Montilla, Chairman of the Governance Committee stated, “The Board has a vital responsibility to provide clear directions and boundaries in which the company's Executive Management must operate. This involves setting out a clear vision, objectives and strategy for the company and defining the delegations that will be allowed to manage and the policies and boundaries in which they are permitted to operate.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV