Zug, Switzerland, 12 December 2022: Three board members of iQ International AG, Zug, Switzerland ("iQ") have resigned so that currently the board of iQ is composed of two members only (George Weiss as Chairman and Won-Lak Choi). Reason for the resignation of the three board members is that the appointed commissioner - in order to save costs - did not approve the continuation of a D&O insurance. It is envisaged that new board members will be appointed at the next general meeting of iQ.
IQ International AG: Resignation of Board Members
Earlier from Iq International
- IQ International: Cantonal Court of Zug Granted Definitive Composition Moratorium Proceedings Re IQ International AG
- IQ International: ExWorks Capital provides iQ with an extension to its outstanding debt and the granting of a further bridge loan
- IQ International: Management and Board message to shareholders after the Company files for Composition Moratorium
- IQ International: to Apply for Composition Moratorium (Nachlassstundung)