Online coupon company Groupon is recruiting at least two new members to its board of directors after it had to revise fourth-quarter results last month, Bloomberg reported on Tuesday, citing two people familiar with the matter.
Groupon in March revised its first results posted as a public company, trimming revenue by USD14.3 million. The company also said it found a material weakness in controls over its financial statements.
Groupon is seeking to hire a director who could eventually become chairman of its audit committee, Bloomberg reported, citing a person familiar with the matter who asked not to be named because the plan is private.
(Source: CNBC)