Valeant Board Shake-Up
May 03, 2016.
Following the appointment of Joseph C. Papa as Valeant's Chairman, five current independent directors have informed the company's Board that they will not be standing for re-election: Ronald H. Farmer, Colleen Goggins, Theo Melas-Kyriazi, G. Mason Morfit and Norma A. Provencio.
Nominated for re-election to the Board are William A. Ackman, Dr. Frederic Eshelman, Stephen Fraidin, D. Robert Hale and Thomas W. Ross, Sr. In addition, the Nominating and Governance Committee has recommended three additional independent directors: Dr. Argeris N. Karabelas, Russel C. Robertson and Amy B. Wechsler, M.D.
As previously announced, J. Michael Pearson will step down as CEO and as a director upon Papa's arrival as CEO. Neither Mr. Pearson nor Howard B. Schiller will be standing for re-election.
Is Artificial Intelligence a ‘Product’? Products Liability Implications for AI-Based Products
April 10th 2025As the physical products we use evolve to become increasingly complex, traditional products liability frameworks may not always fit to provide remedies for harm that can result from using novel product types.
