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Cordlife directors committed to waiving fees ahead of EGM
The Straits Times
|November 12, 2024
Embattled cord blood bank Cordlife said that its remaining directors have committed to waiving their directors' fees for the financial year that ends on Dec 31, 2024, in response to questions raised ahead of the company's extraordinary general meeting (EGM) on Nov 14.
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The EGM is being called to appoint new auditors and approve its directors' fees.
In a bourse filing on Nov 10, the company said that non-independent non-executive directors Zhai Lingyun, Yiu Ming Yiu and Chow Wai Leong will not be receiving directors' fees.
Ms Chen Xiaoling, who was redesignated as group executive director as of July 17, 2024, will receive her remuneration for the role.
However, she will not receive any separate directors' fees as long as she serves as group executive director, the company said.
This story is from the November 12, 2024 edition of The Straits Times.
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