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“FACE OF THE RANCH”

4/5/2022, 2:25 PM

“FACE OF THE RANCH”

At a January 2017 CRR/BOD Meeting, AIC (Ranch) Insurance agent, Barry Maroni warned the Directors, that they are the “FACE OF THE RANCH” and need to “WATCH WHAT THEY SAY” as well as, what they say, can be “TAKEN THE WRONG WAY.”

5 YEARS LATER

Yesterday’s (4/4/22),CRR/BOD Work Session Meeting was held again, via zoom and right after roll call President Bill Burt introduced Barry Maroni from AIC Insurance. As part of his overview, Mr. Maroni provided a report based on the current insurance policies carried by the Ranch.

His presentation included a “straight crime policy and that crime policy covers, for example, computer fraud, employee fraud or theft of money etc from the Ranch…” He added: “A lot of times, in these types of fidelity coverage’s, which the crime policy is, you don’t notice it right away, it could be happening over a longer period of time where an employee unfortunately has access and knows how to manipulate your financial systems slowly takes money over a period of time…”

Maroni stated, they (AIC) have been involved with the Ranch “on a day-to-day basis” and feels “knowledgeable” about the “special things” specifically related to the Ranch.

“RED FLAGS?”

Ranch Director Ara Erdekian asked Maroni: “Are there any Red Flags that you see coming down the line we don’t know…?” Maroni responded: “I think one of the main areas is and I’m not going to throw this back in the Boards lap necessarily, but when you are out and about in the public, people look at you not as yourselves across a cup of coffee for example, they can actually look at you as you’re speaking for the Ranch.” “I always caution boards of directors when I meet with them, that you know, you need to be somewhat careful of what you say or what you don’t say…”. “…Things can unfortunately escalate from there…”

Erdekian followed up with: “Do you recommend not being on social media-would you recommend not being on social media, for the board of directors?” Maroni answered: “In today’s climate, in a perfect world I would say yes, I would recommend that, but I’m not sure that’s really something that you can do now…”

Maroni further stated: “As a board member, individually, yes I think you have to be careful of what you’re posting-definitely, on social media…”

Burt thanked Mr. Maroni for his “informative” briefing and Maroni signed off saying: “Anytime a question pops up or something, obviously you can go through Judy-we communicate all the time on issues. I also communicate with some of your superintendents, depending on the nature of it…”

5 YEARS LATER-DO YOU THINK THINGS ON THE RANCH HAVE ESCALATED?

See ATTACHED VIDEO SNIPPET

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Ranch Matters Staff