Afterpay founders sacrifice board control in reshuffle

Investors have welcomed a restructure of Afterpay’s board and executive leadership on Tuesday which will create an independent board and ensure its co-founders can focus on its fast growing global business. “Afterpay has been growing at break neck speed and it is important that the corporate governance continues to improve to reflect the size of the company,” said Andrew Mitchell a senior portfolio manager at Ophir Asset Management which owns the stock. He said it is important that the board composition reflects the fact that it is now a global player in payment solutions “if it is to attract new international investors to the register.” The company announcement that its three founders will surrender control of the company’s board, follows a turbulent month which saw the company receive three inquiries from the ASX, and an audit from AUSTRAC into its compliance with money laundering laws. Mr Eisen, who stepped down from the executive chairman’s role to take the role of chief executive, said the changes are as much about addressing the growth opportunities ahead for the buy now, pay later provider. “The proposed changes will enhanc...

Global Printing Machinery and Equipment market Trends, Future Opportunities with Top Players Forecast by 2025

WiseGuyReports has added a new market intelligence report titled “Global Printing Machinery and Equipment Market Research Report 2019” to its storehouse of extensive and wide variety of reports. The global Printing Machinery and Equipment market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. This report focuses on Printing Machinery and Equipment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Printing Machinery and Equipment market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. Printing Machinery and Equipment Manufacturing market comprises establishments primarily involved in manufacturing printing and bookbinding machinery and equipment, such as printing presses [offset printing presses (sheetfed presses, & webfed presses), flexo presses], & other presses, typesetting machinery, and bindery machinery. Printing machinery manufacturers are using industrial internet of things (IIoT) for faster production a...