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