Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper [Reuters]
GRIFOLS SA S/ADR (GIKLY)
NASDAQ:AMEX Investor Relations:
grifols.com/en/web/international/investor-relations/home-page
Company Research
Source: Reuters
, opens new tab , battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance, its chairman said in a newspaper interview published on Sunday. Grifols' market value has shed billions of euros since short-sheller Gotham City Research released three reports in early January accusing the company of overstating earnings and understating debt. Grifols has repeatedly denied the claims. In a joint interview with CEO Nacho Abia in the Barcelona-based La Vanguardia newspaper - their first since the start of the crisis - chairman Thomas Glanzmann said appointing independent directors to the audit and compensation committees would allow the company to "continue to improve is governance". Abia said Grifols also needed to simplify the way it explained itself to the market. "We must work to reduce that complexity and increase the clarity of our explanations to the market, which is what allowed the Got
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News
- Grifols 2023 Annual Report on Form 20-F filed with the SEC [Yahoo! Finance]Yahoo! Finance
- Grifols reportedly looking to appoint independent directors [Seeking Alpha]Seeking Alpha
- Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper [Yahoo! Finance]Yahoo! Finance
- Grifols Plans First Bond Sale Since Short Seller Attack [Yahoo! Finance]Yahoo! Finance
- Grifols to refinance debt due in 2025 via sales of notes, Shanghai RAAS stake [Reuters]Reuters