Brief: New Zealand Markets Disciplinary Tribunal Says 2 Cheap Cars Group Breached Rules

2 Cheap Cars

03/10/2023 21:00

Oct 4 (Reuters) - 2 Cheap Cars Group Ltd  2CC.NZ :
    * FOUND  2 CHEAP CARS GROUP LIMITED  BREACHED RULES
    * ORDERED 2CC TO PAY  FINANCIAL PENALTY OF NZ$40,000, AMONG
OTHERS
    * FOUND 2CC BREACHED RULE TO HAVE AT LEAST TWO DIRECTORS WHO
ARE
INDEPENDENT DIRECTORS AT ALL TIMES
    * FOUND 2CC BREACHED RULE TO HAVE AN AUDIT COMMITTEE
COMPRISED OF
AT LEAST THREE DIRECTORS


Further company coverage:  2CC.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))