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News Breaks
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May 4, 2011
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| 09:10 EDT |  | DGW |
| theflyonthewall.com: | Duoyuan Global Water announces resignation of four Directors; Appoints four new | | Duoyuan Global Water announced that on April 20, four of the company's six independent directors resigned and that on April 21, the company's board of directors appointed four new directors. Of the directors resigning from the company, three were members of one or more of the company's audit committee, compensation committee and nominating and corporate governance committee. The resigning directors provided a letter to the company raising concerns regarding management's level of cooperation in the ongoing independent review of the company's internal controls and the ongoing independent investigation of the company's business practices. :theflyonthewall.com |
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