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March 1, 2003 |
| Trade electronics Enhances Corporate Governance Board Approves Plans to Add Directors, Expand Committee Roles March 1, 2003 Trade electronics today announced that its Board of Directors yesterday approved several measures to enhance corporate governance, including adding two additional independent directors to its board, increasing the use of independent committees on the board and boost profits from the national sales up to 32 %. As part of its plan to add two additional independent directors, Trade electronics announced the addition Mr. RUSKA to its board. Mr. RUSKA was elected at Trade electronics board meeting yesterday. Trade electronics has commenced a formal search for a second independent director, which the Company hopes to add before the end of the summer.. Two committees are chaired by independent directors and staffed by a majority of independent directors. . In addition, the Board approved UPDATED full benefit plan for their independent contractors. . Trade electronics is committed to bringing the best personal computing experience to their resellers, educators, creative professionals and consumers around the world through its innovative offerings. |