Aurinia Pharmaceuticals Restructures Board Of Directors; Three Directors Resign After Receiving Less Than Majority Support At 2024 AGM; Restructured Board Consists Of 7 Members; CEO Peter Greenleaf Remains A Director Despite Conditional Resignation, While Kevin Tang Of Tang Capital Management Joins As A New Director
Portfolio Pulse from Benzinga Newsdesk
Aurinia Pharmaceuticals has restructured its Board of Directors following the resignation of three directors who received less than majority support at the 2024 AGM. The new board consists of seven members, with CEO Peter Greenleaf remaining as a director despite a conditional resignation. Kevin Tang from Tang Capital Management joins as a new director.
September 12, 2024 | 8:12 pm
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Aurinia Pharmaceuticals has restructured its board, with three directors resigning after failing to secure majority support. CEO Peter Greenleaf remains, and Kevin Tang joins as a new director.
The restructuring of the board could signal a shift in company strategy or governance, but the immediate impact on stock price is uncertain. The retention of the CEO and addition of a new director may stabilize investor sentiment.
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