Argus Corporation Limited Director Resignations.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 19, 2004 Argus Corporation Argus Corporation, based in Toronto, Ontario, is an investment and holding company founded in 1945 by its President E. P. Taylor with minority partners Colonel W. Eric Phillips and Wallace McCutcheon and other investors. Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AR.PR.A) (TSX:AR.PR.D) (TSX:AR.PR.B) today announced that Anna M. Porter, the Honourable honourable or US honorable Adjective 1. principled 2. worthy of respect or esteem honourably adv Honourable Adjective W. John McKeag and Ronald T. Riley resigned as Directors of Argus on January January: see month. 17, 2004 prior to a meeting of its Board of Directors that day. Each was also a member of the Audit Committee of Argus. As a result of the resignations, Argus no longer has an audit committee composed of a majority of Directors who are not officers or employees of Argus or its affiliates as required under corporate law. Argus will endeavour to bring itself into compliance with that requirement as quickly as possible. |
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