Updates on FiscalNote's Board of Directors
FiscalNote Holdings, Inc. (NYSE: NOTE), recognized as a prominent AI-driven enterprise SaaS technology provider specializing in policy and global intelligence, has recently announced a significant update regarding its Board of Directors. Conrad Yiu, an integral part of the board and a member of both the Corporate Governance and M&A Committees, will retire from his position effective December 31, 2024. This timing aligns with the fiscal year end and comes shortly before the conclusion of his three-year term in May 2025.
About Yiu's Contributions and Departure
A notable figure in the investment landscape, Yiu is the Co-founder and Partner of AS1 Growth Partners, a multi-family investment office based in Australia. AS1 invested in FiscalNote in 2020, during a period when FiscalNote was actively expanding its investor base in Australia. Following AS1’s investment, Yiu joined the Board in October 2020, playing a pivotal role in the company’s strategic discussions. With changes in FiscalNote's strategic focus, Yiu has opted for early retirement to concentrate on his business ventures and family commitments back in Australia.
Yiu's Reflection on His Time with FiscalNote
Expressing his gratitude, Yiu stated, "I want to thank Tim and my fellow Board members for the opportunity to serve the Company over the past four years. I remain an active, long-term investor and supporter of FiscalNote’s mission and management. Given the changes since my firm first invested, now is simply the right time for me to concentrate on my other professional commitments. While I am retiring from the Board early, I strongly believe the Company has the right strategy and the right leadership to take it to its next phase of growth, delivering value for its customers and shareholders."
Appreciation from Leadership
Tim Hwang, Chairman, CEO, and Co-founder of FiscalNote, expressed deep appreciation for Yiu's contributions: "Throughout the past four years and at pivotal times for our Company, Conrad has been a deeply respected and admired partner on our Board, whose views and guidance were especially valuable during our transition to a publicly traded company. On behalf of the entire Board of Directors, I’d like to thank Conrad for his service and contributions and wish him all the best in his future endeavors."
Future Board Composition
As FiscalNote moves forward, the composition of its Board of Directors will adjust accordingly, reducing to nine members. This adjustment reflects a more streamlined structure following its recent divestments.
About FiscalNote
FiscalNote (NYSE: NOTE) stands as a leader in the realm of policy and global intelligence. The company adeptly combines data, technology, and insights to empower its clients in managing business and political risks. Since its inception in 2013, FiscalNote has innovated technologies that provide vital insights, equipping organizations to make informed decisions. It encompasses renowned industry brands, including CQ, Dragonfly, and VoterVoice, serving a diverse clientele across North America, Europe, Asia, and Australia. For more information about what FiscalNote offers, please visit FiscalNote.com and follow them on social media.
Frequently Asked Questions
1. What was the reason for Conrad Yiu's retirement from the board?
Conrad Yiu decided to retire to focus on his business interests and personal commitments in Australia.
2. How has Yiu contributed to FiscalNote during his tenure?
Yiu provided valuable guidance, especially during FiscalNote's transition to a publicly traded company.
3. What changes will take place following Yiu’s departure?
Following Yiu’s retirement, FiscalNote’s Board will reduce to nine members, aligning with a streamlined company structure.
4. What does FiscalNote specialize in?
FiscalNote is a leader in AI-driven enterprise SaaS technology, providing policy and global intelligence solutions.
5. How can I learn more about FiscalNote's governance?
Additional information about FiscalNote’s Board and governance is available on their official website.
