MLM Company Herbalife Meets NYSE Board Independence Standards Nine Months Early
Herbalife Meets NYSE Board Independence Standards Nine Months Early:
Herbalife Ltd. (NYSE:HLF) today announced an early move to compliance with NYSE standards of board independence with the appointment of two new independent directors following the resignations of directors James Fordyce and Ken Diekroeger. Fordyce has represented Whitney & Co. and Diekroeger has represented Golden Gate Capital on the board since the company was taken private in July 2002.
'Full compliance with NYSE independence standards is not required until December 2006, however, early compliance is consistent with the best principles of good corporate governance,' said Herbalife Chairman of the Board Peter Castleman, president of Whitney & Co., LLC.
Herbalife Ltd. (NYSE:HLF) today announced an early move to compliance with NYSE standards of board independence with the appointment of two new independent directors following the resignations of directors James Fordyce and Ken Diekroeger. Fordyce has represented Whitney & Co. and Diekroeger has represented Golden Gate Capital on the board since the company was taken private in July 2002.
'Full compliance with NYSE independence standards is not required until December 2006, however, early compliance is consistent with the best principles of good corporate governance,' said Herbalife Chairman of the Board Peter Castleman, president of Whitney & Co., LLC.
posted by the MLM News Desk at
3:43 PM
