Menu
Menu
ICSGlobal (ASX:ICS) has new directors after board spill vote

ICSGlobal (ASX:ICS) has new directors after board spill vote

IT consulting company ICSGlobal (ASX:ICS) has two new directors after shareholders narrowly voted them in at the board spill EGM.

Resolutions to elect James Canning and Tim Murray were each passed by a slim majority, with Canning receiving 60.7 million votes for and 59 million against after the resolution was put to a poll.

The resolutions to remove former chairman Ross Bunyon and Geoffrey Lambert were not voted on, as a result of their recent resignations.

Speaking at the ICSGlobal meeting, new chairman Kevin Barry said the board was now exclusively focused on achieving values for shareholders.

“For a company that has never made a profit in over a decade and has generated losses in excess of $29 million during that period, the current board understands the shareholder disappointment with the performance of the company,” he said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Kevin BarryICSGlobalBoard spillit servicesTim MurrayASX:ICSJames Canning

Show Comments

Market Place