Wednesday November 25, 2020

No sanction for INM over rule breach

The media company is preparing to explain to investors why its board no longer has a majority of independent directors

Ian Guider

Markets Editor

7th May, 2017

Independent News & Media (INM) will face no official sanction for breaching corporate governance rules as the company prepares to explain to investors why its board no longer has a majority of independent directors.

The Irish Stock Exchange said that although it does not comment on issues about specific members, a company is compliant with official listing rules if it “complies with the relevant corporate governance codes or provides an explanation for the provisions it...

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