SBC News Voice of the Sports Betting Industry
bwin.party announced last Friday direct changes to its corporate governance set-up, as the operator looks to hire three new independent directors. Following an independent board evaluation carried out by governance consultancy Linstock Limited, bwin.party announced that it would be seeking new independent directorship, to aid the operators future digital strategies and market growth.
The operator review of director management had focused on key strategic areas, emphasising strategy formulation, project and product execution and risk management. The assement of the bwin.party directorship was undertaken by chairman elect – Philip Yea.
Business news sources confirm that Yea interviewed all current company directors, to dicusss the operators current performance issues and future growth plans.
With regards to the governance changes Yea made the following statement “bwin.party is a business with great brands, technology and people – assets that have combined to create enormous potential. However it is also operating in a challenging and rapidly changing business environment. The steps we are announcing today will ensure that succession is in place to allow the board to anticipate and address the complexities of technological change, the inevitable transition to regulated and taxed markets and also to maximise the long-term value of the business for its shareholders, customers and employees.”
Corporate Governance changes to bwin.party had been mooted bwin.party activist investor – Jason Ader and his investment fund – SpringOwl
