Afterpay Holdings Limited
(ASX:AFY) has announced its director Mike Jefferies has resigned.
Mike Jefferies has been on the board of the retail payment company, which offers the ‘buy now, pay later’ service, since it formed.
Mike has also been the representative of Afterpay’s largest shareholder, Touchcorp Limited
(ASX:TCH).
Strict governance arrangements have been in place to manage any potential conflicts of interest.
Despite that, both boards believe it is now appropriate for Mike Jefferies to stand down after the companies signed the Merger of Implementation Agreement (MIA).
Shares in Afterpay Holdings Limited
(ASX:AFY) last traded 2.89% lower yesterday at $2.02
