ENG 0.00% 89.0¢ engin limited

Does anybody know when Mr Smith resigned from Yahoo7?The ASX...

  1. 330 Posts.
    Does anybody know when Mr Smith resigned from Yahoo7?

    The ASX criteria is 'within the last 3 years not been employed in an executive capacity by' in this case the 7 Group.

    He was appointed to Yahoo7 on June 9 2006.

    http://www.bandt.com.au/news/yahoo7-appoints-ian-smith-as-ceo

    Irrespective of when he resigned, at the time of the publication of the Annual Report for FY08 (24 Oct 2008) the statement at page 7 in the Directors Report where he is listed as "Independent Chairman" is clearly wrong, according to the criteria.

    His appointment to Yahoo7 had only been 2 years and 4 months earlier, as above, I am not sure when he resigned.

    If he resigned after 2 December 2007, i.e. less than 3 years before ENG received the proposal from Network Investments on 2 December 2010, then he is clearly NOT independent according to the criteria.

    f111
 
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