USA: Riviana Foods reduces board membership to eight
Riviana Foods has announced that it has accepted the resignation of four board members as part of its corporate governance objective to reconfigure the board to include a majority of independent directors.
Leaving the board will be non-independent directors Frank K Godchaux, W David Hanks, Theresa G Payne and E Wayne Ray, Jr. As a result, the size of the board of directors will be reduced from twelve to eight members. The board has also named E James Lowrey as lead director who will preside over periodic meetings of non-management directors.
Houston, Texas-based Riviana Foods is one of the largest processors, marketers and distributors of branded and private label rice products in the US.
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