Business news (flash) : Quiksilver Initiates Search for Independent Director

Quiksilver notified the New York Stock Exchange that it has initiative a search and intends to appoint an additional independent director in the next 60 to 90 days to replace Paul Speaker, who resigned from the company Feb. 5.

Speaker’s department left Quiksilver with only four independent directors and four inside directors in violation of NYSE listing requirements. The NYSE requires companies have a majority of outside directors.

( SportsOneSource Media )

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