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Share Name | Share Symbol | Market | Type |
---|---|---|---|
MDC Partners Inc | NASDAQ:MDCA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.42 | 5.36 | 5.45 | 0 | 01:00:00 |
NEW YORK, June 9, 2015 /CNW/ -- (NASDAQ: MDCA; TSX: MDZ.A) -- MDC Partners Inc. ("MDC Partners" or the "Company") today announced several enhanced corporate governance measures and improved compensation practices. MDC Partners' Board of Directors conducted a detailed review of its governance structure as well as best practices, and adopted a number of important measures. These changes follow recently adopted and implemented steps to improve and strengthen the Company's internal controls, policies, and procedures.
Commenting on the new measures, Miles S. Nadal, Chairman and Chief Executive Officer of MDC Partners, said, "The Board of Directors and the entire management team are committed to the highest standards of corporate governance. We have heard our shareholders and agree that we needed to make some additional changes and have done so. These initiatives, as well as those made in 2014 and earlier this year, demonstrate the high value we place on sound management and board practices. We are confident that the enhanced corporate governance alongside our underlying business, which continues to perform at a very high level, will continue to provide significant long-term shareholder value."
The new and enhanced corporate governance measures include the following:
Mr. Nadal commented on the immediately departing Board members, "I would like to warmly thank Stephen Pustil and Lori Senecal for their counsel, service and dedication as valued members of our Board. Their insights and contribution have been truly valuable in helping us achieve the significant growth and substantial shareholder value creation that we have seen in our business. We look forward to their continued and very valued contribution as senior executives of the Corporation."
About MDC Partners Inc.
MDC Partners is one of the world's largest Business Transformation Organizations that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, and worldwide.
MDC Partners' durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing the Company's reputation as "The Place Where Great Talent Lives."
MDC Partners' Class A shares are publicly traded on NASDAQ under the symbol "MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".
Please visit us: www.mdc-partners.com
Follow us on Twitter: http://www.twitter.com/mdcpartners
CONTACT:
Matt Chesler, CFA
VP, Investor Relations
646-412-6877
mchesler@mdc-partners.com
Logo - http://photos.prnewswire.com/prnh/20120221/NY57031LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mdc-partners-inc-announces-enhanced-corporate-governance-initiatives-300096270.html
SOURCE MDC Partners Inc.
Copyright 2015 Canada NewsWire
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