Diligent sees no need to restate earnings after review of executive options

Thu, 21 Feb 2013

Feb. 22 (BusinessDesk) – Diligent Board Member Services, whose shares have more than doubled in the past 12 months, says it sees no need to restate earnings after reviewing a report into executive options that may not have complied with its incentive schemes. The shares, halted pending the report, will resume trading today. “At this time, the Diligent Board, based on advice received from its advisors and the position of its auditors, does not consider that there is a need for Diligent to restate its financial statements,” it said. “The amo...

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