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Governance group questions role of Cathay bailout 'observers'

Directors' association deputy president warns of disruptive board presence

HONG KONG -- A local directors' group has expressed concerns about Hong Kong's plans to send two "observers" into the boardroom of Cathay Pacific Airways as part of a government-led $5.03 billion bailout of the carrier.

"We are very concerned about the observers," Roy W.K. Lo, deputy president of the Hong Kong Independent Non-Executive Director Association, told the Nikkei Asian Review.

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