City Developments (SG:C09) has released an update.
City Developments Incorporated (CDI) has announced a board restructuring, reducing from six to four members, with an intention to appoint a new independent director before their upcoming shareholders’ meeting. The board’s revision follows a comprehensive review of their corporate governance policies. Changes include the resignation of Colin Sim as a director and his replacement by Desleigh Jameson as chair, while Jason Adams steps down from the board but remains CEO.
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