FilingReader Intelligence

Rakon independent directors quit over shareholder influence concerns

August 13, 2025 at 10:01 AM UTCBy FilingReader AI

Rakon Limited announced that independent directors Jon Raby and Lisbeth Jacobs will not stand for re-election at the August 22 annual meeting.

The directors stated that working within the new governance environment, influenced by the two largest shareholder groups, has become "untenable."

Rakon's board nominations committee is actively seeking a new independent director to ensure compliance with listing rules requiring at least two independent directors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

NZX:RAKNew Zealand Exchange

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