The Ruby Mills Limited — Others, 27-11-2024: Shareholders meeting

The Ruby Mills Limited has issued a corrigendum to its Postal Ballot Notice, informing shareholders about modifications in Resolution No. 3 related to the commission payment to Non-Executive Directors. The Board has recommended a commission not exceeding 1% of the net profits per annum for all Non-Executive Directors, which they deem essential to attract and retain qualified individuals to the Board. This update is likely to bolster investor confidence by ensuring competitive remuneration, supporting the company's governance structure. Overall, this strategic move reflects a commitment to enhancing shareholder value.