BUA Foods Plc announces resignation of Isyaku Rabiu as a Director

BUA Foods Plc has notified the Nigeria Exchange and the investing public of the resignation of Isyaku Naziru Rabiu as a Director on the Board of Directors of the Company with effect from 17th August 2022.

The step was taken by the Company to meet the regulatory requirements of the Securities & Exchange Commission’s Corporate Governance Guidelines (2020) and the Nigerian Code of Corporate Governance, on family and interlocking directorship which stipulates that not more than two members of the same family shall sit on the Board of a public company at the same time.

Source: BUA Foods Plc announces resignation of Isyaku Rabiu as a Director – StocksWatch (stocksng.com)

Related Posts

01

Jun
Business & Economy

Nigerian Breweries Plc to acquire 80% shareholding in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell[…]