A group of 27 top investors and executives of Alibaba Holding Group Ltd can appoint two more directors to the company’s board after it goes public, according to Reuters, citing a U.S. regulatory filing.
The expanded board will include a total of 11 members, Reuters reports. The group of 27, known as the “Alibaba Partnership,” had already intended to nominate four of the Chinese e-commerce company’s nine directors to the board before the IPO, according to The International Business Times. With two more members to appoint, the partnership could choose six of 11 directors, essentially giving it full control of the board.
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