Industry
Solum declares governance overhaul, shift to professional management
Solum and Align Partners Asset Management said on Sunday they reached a broad agreement to overhaul the board structure and raise shareholder value. They plan to seek bylaw changes at the 2026 shareholders meeting to make a majority of the board independent and staff key committees entirely with independent directors. The deal also addresses a dispute over redeemable convertible preferred shares and includes measures on audit expansion, incentives and management succession.
