Business
Capital Financial Global to Restructure Board of Directors to Conform to National Stock Exchange Guidelines
Capital Financial Global to Restructure Board of Directors to Conform to National Stock Exchange Guidelines.
About this update from Capital Financial Global, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nCapital Financial Global to Restructure Board of Directors to Conform to National Stock Exchange Guidelines\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nCapital Financial Global to Restructure Board of Directors to Conform to National Stock Exchange Guidelines\n\nPR Newswire\n\nSALT LAKE CITY, Sept. 12, 2013\n\n\n\n\n\n\n\nSALT LAKE CITY, Sept. 12, 2013 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX) announced today that it has implemented a plan to restructure its board of directors to conform with the higher corporate governance standards of the national securities exchanges in preparation for its goal to up-list.\n\n\nThis will call for the nomination of a majority of independent directors to perform the duties related to the required audit, compensation, and nomination committees.\n\n\n\"We will be actively recruiting top level talent to help staff our various board committees so we can strengthen and increase our core group of leadership at the board level,\" said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. \"Furthermore, this will help us meet the basic standards of corporate governance that we'll need to have in place when we apply to be listed with a national exchange, as we work toward meeting the financial and other listing requirements.\"\n\n\n\nAbout Capital Financial Global, Inc.\n\n\n\nCapital Financial Global, Inc. (CFGX) is a specialty finance company that provides asset-based financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.\n\n\n\nOur Market Positioning & Differentiation\n\n\n\nUnlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.\...