You do not appear to understand where it is required and where it is not and are confusing concepts and do not appear to have a grasp of the governance and probity standards that established companies require.
I am talking in the context of NUH being a supplier to a client company such as in an OEM arrangement
Most large companies regardless of industry, if one aspires to be a supplier to them be it a product or service , their procurement departments and procedures will require them to engage in probity and due diligence process which will involve an examination of a companies corporate governance situation
This is very different to simply producing a product to put on a retail self somewhere.
For example selling the HP Pro via Best Buys in the OTC Hearing space requires NUH to meet all the regulatory requirements set out by the FDA and any other relevant regulator. NUH would not be subject to regulatory probity by Best Buy other than to have the appropriate process to deal with faults and other issues.
If NUH aspires to be an OEM supplier to company XYZ providing a customised hearing product , company XYZ particularly if it is a large and listed company will have a dedicated procurement section where one of its functions beyond technical due diligence would be to ensure that not only that the NUH product complies with all design and industry regulatory requirements as well as its own requirements but would also engage in corporate probity to ensure NUH has the necessary people and expertise at a corporate level to meet the criteria company XYZ requires for a company to supply them.
It’s not a deviation of strategy, if NUH wants to be a OEM supplier, it better have its corporate governance in order and able to pass the criteria set out by the client company. Having your technical infrastructure in order but your corporate governance not , that will not win you business.
Having a CFO and and a dedicated industry legal and regulatory expert fills that gap for NUH.
NUH Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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