Diligent discloses staff share option blunder

Fri, 18 Jan 2013

By Pam Graham Jan. 18 (BusinessDesk) – Market darling Diligent Board Member Services is tidying up the way it grants share options to employees after finding it granted too many options to senior staff and did not provide a prospectus to others. The company, whose board members include former NZX boss Mark Weldon, has embarrassingly had to advise NZX and the Financial Markets Authority of the breaches. BusinessDesk understands that an investigation by a special committee of the board came about after the company was targeted by a US law firm...

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