Brief: Lucien Selce Issued Letter To Aurinia Shareholders

Aurinia Pharmaceuticals

07/05/2024 14:22

May 7 (Reuters) - Aurinia Pharmaceuticals Inc  AUPH.O :
    * LUCIEN SELCE ISSUED LETTER TO AURINIA SHAREHOLDERS
    * SHAREHOLDER LUCIEN SELCE: BELIEVE COMPOSITION OF BOARD,
EXCESSIVE NUMBER OF DIRECTORS SITTING ON IT HOLDING AURINIA BACK
FROM ACHIEVING FULL POTENTIAL
    * SHAREHOLDER LUCIEN SELCE: AURINIA BOARD'S SIZE SHOULD BE
REDUCED
TO ENSURE EFFICIENCY AND COST-EFFECTIVENESS
    * SHAREHOLDER LUCIEN SELCE: AURINIA SHOULD IMMEDIATELY
RESTRUCTURE
BOARD AND REDUCE ITS SIZE FROM NINE DIRECTORS TO FIVE DIRECTORS
    * SHAREHOLDER LUCIEN SELCE: AURINIA SHOULD IMMEDIATELY LINK
MANAGEMENT'S COMPENSATION TO FULFILLING QUANTITATIVE REVENUE
GOALS SET BY INDEPENDENT BOARD

Source text for Eikon:  ID:nBw1D3HTma 
Further company coverage:  AUPH.O 

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