The latest update is out from Wisetech Global Ltd. ( (AU:WTC) ).
WiseTech Global Ltd has announced an update regarding its compliance with ASX Listing Rules 12.7 and 12.8 following the resignation of four directors, which left the company with only two independent directors. This situation temporarily affects the composition of its Audit & Risk Committee, which is required to have at least three non-executive directors. The company plans to appoint additional independent directors within four weeks to restore compliance. Despite the current shortfall, WiseTech assures stakeholders that the existing committee can adequately fulfill its responsibilities. The company remains compliant with ASX Listing Rule 12.8, with its People & Remuneration Committee properly constituted.
More about Wisetech Global Ltd.
WiseTech Global is a leading developer and provider of software solutions to the logistics execution industry worldwide. The company serves over 16,500 logistics companies in 195 countries, including 46 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders. WiseTech is committed to innovation, having made over 5,800 product enhancements to its CargoWise application suite in the past five years, aiming to improve global supply chains with its powerful and integrated software solutions.
YTD Price Performance: -23.68%
Average Trading Volume: 1,157
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.53B
See more data about WTC stock on TipRanks’ Stock Analysis page.