Business
Notification of Board Change
Notification of Board Change.
About this update from Sig Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 1065D SIG PLC 17 March 2011 \n \n\n \nNotification of Board Change\n \n \n17 March 2011\n \nSIG PLC\n \nSIG plc (\"SIG\" or \"the Company\"), a leading European supplier of insulation, interiors, exteriors and Specialist Construction products, issues the following notification of a Board change.\n \nMrs V Murray OBE resigned as a Non-Executive Director of the Company with effect from 16 March 2011. Mrs Murray is also a Non-Executive Director of Carillion plc and her resignation is pursuant to Carillion plc's agreed offer for Eaga plc and her future potential conflict of interest as a result of that transaction in respect of SIG's energy management business. \n \nThe Company confirms that the process of seeking a replacement for Mrs Murray has commenced with the intention of appointing a new independent Non-Executive Director as soon as possible in order that the Company will return to compliance with Code Provision A.3.2. of the Combined Code on Corporate Governance which requires that at least half of the Board (excluding the Chairman) should comprise Non-Executive Directors determined by the Board to be independent. \n \nCommenting on the announcement, Mr Van de Walle, Chairman of SIG said:\n \n\"I would like to thank Mrs Murray for her valuable contribution to the Board since her appointment in July 2009. We are in the process of seeking to appoint a new independent Non-Executive Director to replace her\".\n \nSIG plc\nLeslie Van de Walle, Chairman 0114 285 6300\n \nFinancial Dynamics\nRichard Mountain / Nick Hasell 020 7269 7291\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END BOAFQLLFFXFZBBF\n\n \n ","length":3467,"tagName":"div"}]