Internal strife returns to China’s NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, has once again run into corporate governance problems as its founder and CEO refused to accept a board resolution that he step down.
Earlier this month, the board said it would remove Changjiang Wu as CEO and sack three vice presidents of the company. It is alleged that Wu signed licensing agreements on behalf of a subsidiary granting...
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