Quality Systems Inc., an Irvine healthcare software company, is set this week to learn if it’s getting up to three independent directors after a dissident shareholder and director made another challenge to its management.
Ahmed Hussein, an Egyptian businessman who owns some 17% of Quality, put forth a slate of himself and five others for Quality’s board in July.
He says the software maker needs new governance practices, a strategy to increase returns for shareholders and a board that’s not so closely allied to Sheldon Razin, Quality’s founder and chairman.
The fight is unfolding as new Quality Chief Executive Steven Plochocki takes over and is acclimating himself.
“Last week, I was out on the East Coast, Boston, Washington and Philadelphia meeting with the investment community and meeting with the proxy governance groups,” Plochocki said.
For more on this story, read the Sept. 1 edition of the Business Journal.
