Alibaba To Expand Board To 11 After NYSE Debut

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Alibaba To Expand Board To 11 After NYSE Debut

by Wochit 0:35 mins

Alibaba To Expand Board To 11 After NYSE Debut

by Wochit 0:35 mins

A group of 27 top executives and investors in Alibaba Group, including co-founder Jack Ma, can appoint another two directors to the company's board once it goes public, according to a U.S. regulatory filing on Friday. The move would expand the Chinese e-commerce company's board to 11 members from nine and give Ma's group control over the majority of Alibaba's board after its initial public offering on the New York Stock Exchange later this year.

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