SHENZHEN/HONG KONG -- Chinese telecommunications equipment maker ZTE tapped legal professionals skilled in intellectual property rights as part of an overhaul of the board intended to spare the company from a U.S. supply ban that could cripple its business.
Shareholders approved the appointment of eight new directors Friday during a two-hour annual general meeting at ZTE's Shenzhen headquarters. The previous 14 board members were required to step down under a settlement with the U.S. government that suspends the supply ban.
