TSE:9627Consumer Retailing
Is Ain Holdings (TSE:9627) Undervalued After Forming Its Independent Committee?
Independent Committee formation puts governance in focus
Ain Holdings (TSE:9627) has set up an Independent Committee made up of three outside directors with long careers in law, academia, media and corporate boardrooms. The move is intended to reinforce board oversight and independence.
The Independent Committee announcement comes after an August board meeting to consider the disposal of treasury shares. It lands at a time when Ain Holdings’ share price has risen 9.35% over 90 days yet is...