CoreLogics Directorship Initiative Delays Stockholder Meeting

first_img March 22, 2012 412 Views Share in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-03-22 Abby Gregorycenter_img Prompting the delay of the company’s annual meeting, “”CoreLogic””:www.corelogic.com/ has announced its intention to add new, independent members to its board of directors. [IMAGE]The decision represents the continuation of CoreLogic’s initiative to bolster its board, which the company previously put on hold in order to conduct a strategic review process.CoreLogic’s nominating and corporate governance committee retained international executive search firm “”Spencer Stuart””:www.spencerstuart.com/ to[COLUMN_BREAK] facilitate the selection of new candidates. Additionally, the company will seek input from CoreLogic’s largest stockholders. Company chairman, D. Van Skilling, said of the changes to CoreLogic’s board, “”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.├âÔÇÜ├é┬á We believe that these new independent board members will complement our board with additional expertise, capabilities and perspectives.””Giving the company’s nominating and corporate governance committee sufficient time to consider the potential additions to the board, CoreLogic will postpone its annual stockholders meeting until the summer of 2012. In the interim, the committee will examine qualified individuals for board membership before holding a vote on their election later in the year. President and CEO of CoreLogic, Anand Nallathambi, noted, “”Our business continues to perform well and the market reaction to the successful execution of our business plan and most recent results has been extremely positive.├âÔÇÜ├é┬á We appreciate the strong support we have received from our stockholders during this period, and we welcome their input as we embark on the director search process.””├âÔÇÜ├é┬á CoreLogic’s Directorship Initiative Delays Stockholder Meetinglast_img read more