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Independent board review to address Nuix investor concerns


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The Nuix board has set up an independent sub-committee to address investor concerns about its disastrous initial public offering (IPO) by its largest shareholder, Macquarie Group, and promised it will appoint more independent board members.
In a statement to the ASX on Monday morning, Nuix said the initiatives were in response to recent market feedback. It follows a joint investigation by
The Sydney Morning Herald,
The Age and
The Australian Financial Review last week which revealed questions about the company’s governance and financial accounts in the years before it floated.
“To ensure appropriate oversight and review of recent matters raised by market participants, the Board has established an Independent Board Sub-Committee comprised of independent directors Jeff Bleich, Sir Iain Lobban and Sue Thomas. The Sub-Committee will work with external advisers and Nuix’s internal legal and risk management functions,” the comp ....

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