Hi Nordic another short tutorial on how listings and boards work...

Hi Nordic another short tutorial on how listings and boards work .
The new directors are independent directors so by definition they do not and can not represent related third parties other wise they would not be independent . An underwriter would be a related third party . Some exchanges require a number of independents directors HK is one of them . These are professional directors who may work on several boards and would be paid a salary for their participation . They may be granted options but their remuneration and any options would be published in annual reports . The HK exchange has a very rigorous vetting process on approving any director independent or not so they must have certain professional attributes and standing in the commercial and business world .

In the future depending on the share structure a major share holder may request a board seat the % share holding and requirement to grant this board seat differs between exchanges and companies
The prospectus must refer to an underwriting agreement its fundamental to a listing .

I'm not sure why all this is important to you as you say you don't own any shares or are not likely to buy any