Skutezky's departure leaves WUC with only one marginally independent director, a corporate governance deficiency that should concern shareholders. Three of the four remaining directors - Glasier, Fryer, and Klein - are members of management, and the fourth director, Wilder, is WUC's former CFO, and a close business associate of Klein. Having three executives/managers in control of the board precludes effective oversight of management and increases the potential for conflicts of interest and self-dealing.
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