Rusal (0486): Barry Cheung Chun Yuen resigns as INED

"to focus on personal business matters". Amazingly, the Stock Exchange has started waiving its new rule on requiring one-third of the board to be "independent". Rusal was at 5/18 before Cheung resigned, and 27.8% is "very close" to one-third, they say. Presumably 3/10 (30%) or 3/11 (27.3%) is also OK? This effectively reduces the minimum to one quarter (25%).

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