Resignations raise red flags at Being AI, NZSA warns
The company’s shares are suspended from trading on the NZX after it failed to appoint new independent directors after two sudden resignations last week.
Any change in strategy should be adequately communicated to investors.
The sudden resignation of Being AI’s two independent directors last week, and its inability to fill their vacancies at short notice, is a ‘red flag’ for investors, according to the New Zealand Shareholders’ Association chief executive Oliver Mander.
