Appointment of New Chairman
Sydney, Mar 22, 2018 AEST (ABN Newswire) - Big Un Limited (
ASX:BIG) (or 'the Company') is pleased to announce the appointment of Mr Nicholas Jordan as non-executive Chairman, effective immediately.
Mr Nicholas Jordan
Mr Jordan is a US investment banker with an extensive global financial background. He has held numerous senior management positions at a number of leading US and European Investment Banks and has been based in the US, UK and Russia. He began his career at the Bank of New York Management Training program, worked at the predecessor banks that ended up forming JP Morgan and finished as co CEO of Goldman Sachs, Russia and Confederation of Independent States (CIS). In between, Mr Jordan was Vice Chairman and member of the Global Advisory Committee at Deutsche Bank Global Banking Division and member of UBS European Management Committee.
Nicholas Jordan has served on several Boards including the American Chamber of Commerce in Moscow, Russia and as Chairman of the Board of 4finance, a leading European on line fintech lending company.
'I am extremely pleased to be joining Big Un Limited. This is a company with tremendous future prospects. Big Un Limited is a leader in a very exciting digital market segment with both the potential and capability to scale. The Company is well suited for global expansion. As we expand in the USA and the U.K. we are also ready to bolster our corporate governance structure in order to meet the governance and financial reporting requirements for a rapidly growing and maturing company. We will re- engage with the ASX and will look to build on our recent experiences and emerge as one of the exchange's best managed companies."
Corporate Governance and Compliance
The board welcomes the appointment of Nicholas Jordan along with the recent appointment of William Knowles as an independent, non-executive director of Big Un Limited and Mr Francis Farmakidis as Company Secretary. The Company is committed to building a best practice corporate governance framework and compliance with new ASX guidelines. BIG Un Limited has also engaged new, top tier, external accountants to advise on its December 2017 Half-Year Financial Reports and an international law firm to head and build a corporate governance committee for the company. Big Un Limited is also currently considering candidates for an additional Australian based board position.
ASX Guidelines
Nicholas Jordan said "With considerable debate in the Australian market about technology companies' transparency and reporting, we are taking a diligent approach to finalising our Half Yearly results FY18, having engaged new accountants to advise on this. The results will respond to the recent ASX guidelines on reporting as well as comply with a new accounting standard, AASB 15, which is aimed at clarifying revenue recognition for fast-growing companies".
About Big Un Ltd
Big Un Ltd (ASX:BIG) is the parent company of Big Review TV Ltd. Big Review TV are innovative disruptors in the online video space delivering subscription based video technology products and services. The Company has operations across Australia and in New Zealand, the United Kingdom and the United States, Hong Kong, Singapore and Vancouver and was listed on the ASX in December 2014.
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