Four more directors have quit the board of 4Sight Holdings, though the latest shake-up, which includes the appointment of seven new directors, may finally bring some stability to the troubled company.
Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
A special general meeting of 4Sight shareholders, at which the removal and election of a range of board directors was to be voted at, was called off prematurely on Friday.
A special meeting of 4Sight Holdings shareholders on Friday looks set to be a fiery affair after a leading director quit on Monday, describing his continued presence on the board as untenable.
The board of directors at listed technology holding group, 4Sight have announced the resignation of its chairman of the audit and risk committee, Geoffrey Carter with immediate effect.