Money Briefs: Two new directors for Yahoo

Two new directors for Yahoo

SAN FRANCISCO • Yahoo said it has named two new directors during a difficult time when it is both exploring a potential sale of its main business and trying to ward off a potential fight with an activist hedge fund.

The company appointed Ms Catherine Friedman, a former investment banker at Morgan Stanley, and Mr Eric Brandt, former chief financial officer of chip maker Broadcom, as its newest directors on Thursday.

NEW YORK TIMES

Nod for outsider as Samsung chairman

SEOUL • Shareholders of Samsung C&T Corp, Samsung Group's de facto holding company, have approved allowing an outside director to serve as chairman of the board, a spokesman confirmed yesterday. Samsung C&T is one of several Samsung Group companies that have put up for shareholders' vote this month motions to change their articles of incorporation so board members besides the CEO, including inside or outside directors, can be named chairman.

REUTERS

A version of this article appeared in the print edition of The Straits Times on March 12, 2016, with the headline 'MoneyBriefs'. Print Edition | Subscribe