CDC Software has announced that it has appointed two board members to positions in corporate governance as part of its preparation for CDC Corporation’s potential carve-out of CDC Software.
John Clough, vice chairman for CDC Software’s Board of Directors, will serve as chairman of the Audit Committee and will oversee the company’s audit and financial reporting processes, internal controls and risk management systems. Tom Manning will serve as chairman of the Compensation Committee and assist the Board in reviewing and approving executives and directors’ compensation and supervise the administration of the company’s equity incentive plans.
As vice chairman of the Board for CDC Software, John Clough helps guide corporate strategy and company growth, focusing on the expansion of global sales channels. Mr. Clough is also a board member and chairman of the executive committee for CDC Corporation and serves as a special advisor to General Atlantic LLC.
Mr. Clough brings significant enterprise software and entrepreneurial experience to CDC Software. He was a co-founder and managing director of the CSSL Group, one of the largest mid-range application software distributors and hardware resellers in Asia and Australasia. Prior to the CSSL Group, he held the position of General Manager of JBA in Asia, an Australia-based worldwide mid-range software distributor.
Tom Manning has long been recognized as a leading figure in information technology in Asia. He served as a director of Bain & Company and was one of their most visible senior partners directing their information technology and technology strategy practice in Silicon Valley and Asia. He previously served as global managing director at Cap Gemini Ernst & Young, where he had responsibility for one of the three lines of the firm's business. He has served as the chairman and CEO of both Cap Gemini Ernst & Young, Asia Pacific and Ernst & Young Consulting in Asia Pacific. He also is an independent director of Asiainfo, a leading IT services firm in China and a NASDAQ-listed company, and an independent non-executive director of China's fifth largest bank, the Bank of Communication, which is listed on the Hong Kong Stock Exchange.
“We are very fortunate to have the deep experience and talent on our Board needed to fill these critical governance positions,” said Peter Yip, executive chairman of CDC Software. “Both John and Tom bring successful track records with public technology companies that will be invaluable to CDC Software as we move forward with our plans.”
Click here for more information
