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Article: The Allied Defense Group Announces New Strategic Initiatives to Increase Shareholder Value.
- Article from:
- PR Newswire
- Article date:
- April 25, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VIENNA, Va., April 25 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. announced today a unanimous Board of Directors decision to approve a series of strategic and corporate governance initiatives to increase shareholder value and keep pace with evolving best governance practices.
These initiatives include:
* Shaping Board composition to optimize independence and enhance
diversity and financial skill sets;
* Establishing a Board committee to identify, review and recommend
strategic financial alternatives to increase shareholder value; and
* Modernizing our shareholder rights plan.
These initiatives were formalized ...