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.