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March 15, 2006
Belgium Restructurers Diamond Board
HRD, Antwerp’s coordinating body and official representative of the diamond sector, has approved a board restructuring that seeks to strike a better balance between small and large companies.
Under the reorganization, the group’s 12-member board will consist of an independent director, six members elected by diamond traders and six members elected by diamond bourses and manufacturers.
The delegates will be selected to represent small and large companies.
The professional organization was previously run by 20 appointed directors from four categories: industry, trade, bourses and banks and manufacturers.
The group has been under fire for not accurately representing the market and it hopes the changes will address these concerns.
Posted by Blacks on March 15, 2006 08:29 AM
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