Douugh directorâs parent sends $250,000 share profit to charity
Feb 5, 2021 â 11.46am
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Upstart fintech Douugh will shake up its board to help it fulfil its âcorporate governanceâ responsibilities as an entity owned by one of the companyâs directorâs parents sends to charity the $250,000 profit they scored from a non-compliant related-party share issuance.
Douugh founder Andy Taylor has overseen a rapid expansion.Â
Louise Kennerley
The ASX-listed Douugh, which has had its shares suspended since December, was permitted to restart trade on the exchange on Friday after it launched a remedial program to overhaul its compliance after it was found to have breached the marketâs listing rules.