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Zynga to recruit directors as Katzenberg & Hoffman step down

16th June 2014 7:52 am GMT

Social gaming giant Zynga has been given forty-five days to change the composition of its board of directors after the departure of two high-profile board members, Linkedin founder Reid Hoffman and Dreamworks Animation CEO Jeffrey Katzenberg.

The company will appoint two independent directors in the coming months to replace the pair.

As a result of Hoffman and Katzenberg stepping down, Zynga is no longer in compliance with NASDAQ listing rule 5605, which requires that a company’s board [...]

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