Diligent censured for 3rd time in 2 years after Weldon's departure causes compliance gap

Fri, 26 Jun 2015

By Suze Metherell June 26 (BusinessDesk) - Diligent Board Member Services has been censured by the New Zealand Markets Disciplinary Tribunal for the third time in two years after the sudden departure of director Mark Weldon left the governance app developer in breach of NZX listing rules. As a condition of its NZX listing, the New York-based company is required to have two directors resident in New Zealand, however Weldon's sooner-than-expected departure left the board short between April 9 and April 28, the tribunal said in its censure....

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