WiseTech Global (ASX:WTC) said it expects to appoint additional independent directors, with one appointment expected to occur within four weeks, which will allow it to be compliant with the Australian Securities Exchange's listing rules again before it considers the full-year financial statements, according to a Wednesday Australian bourse filing.
Four directors of the firm resigned on Feb. 26, due to which it was unable to satisfy a listing rules requirement that its audit and risk committee comprise at least three nonexecutive directors, the filing said.
The new audit and risk committee will meet to receive a briefing from its auditor, interim chief executive, and interim chief financial officer regarding any accounting judgments, financial disclosures, and audit-related matters, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.