It is to be business as usual for one of Canberra’s leading building and land-development companies, Consolidated Builders Ltd, after the election of a new five-person board of directors, which included two from the old board.
The company’s solicitor, Bernard Collaery, said yesterday that shareholders had agreed on Thursday night to have a five-member board of directors, rather than four, as recommended by a committee of inquiry into the company.
The committee had criticised three of four former directors for administrative irregularities and for buying land for themselves in Queensland near land they had bought on behalf of the company.
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