CoreLogic (CLGX) intends to add new independent members to its Board of Directors. The Nominating and Corporate Governance Committee has engaged Spencer Stuart, an international executive search firm, to conduct a comprehensive search and assist in the selection of candidates. In relatiion with the search, the Nominating and Corporate Governance Committee would also seek input from the company's largest stockholders.
CoreLogic's Chairman, Van Skilling, commented, "We have resumed our search for qualified board members which had been put on hold while we conducted our strategic review process. We anticipate that two candidates will be selected. We believe that these new independent board members will complement our board with additional expertise, capabilities and perspectives."
In addition, the company said it would postpone its Annual Meeting of Stockholders to allow the Nominating and Corporate Governance Committee sufficient time to consider and select qualified candidates and provide CoreLogic stockholders an opportunity to vote on their election this year. The company now expects to hold its Annual Meeting of Stockholders during the summer of 2012.
by RTT Staff Writer
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