Submitted by: Creo Products Inc.
Categories: Corporate Governance
Posted: Feb 20, 2003 – 11:00 PM EST
Feb. 20 /CSRwire/ -
Shareholders also approved the appointment of nine nominated board members, including a new appointee, John McFarlane. Mr. McFarlane, former president and CEO of Nexsi Systems, has over 20 years of global experience in the high technology industry in Canada, the United States, and Europe. He also served in executive positions with Sun Microsystems, Northern Telecom and Bell Northern Research. Mr. McFarlane is a director of Pitney Bowes Inc., and Resonate Inc., an Internet service management software company.
As disclosed in the company's Management Information Circular for yesterday's meeting, the Creo leadership team, board of directors and employees are committed to maintain high standards of corporate governance. Creo conforms with all corporate governance requirements of the Toronto Stock Exchange and the NASDAQ Stock Market. As a result, Creo has adopted a formal code of conduct which sets a high standard for ethical behavior by directors, officers and employees throughout the company. It incorporates guiding principles such as legal compliance, confidentiality, integrity and individual responsibility, and provides for accountability if employees fail to meet the code's standards. More information on the corporate governance practices of Creo can be found at http://www.creo.com/governance.
Creo is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates and proofs; professional color and copydot scanning systems; and workflow management software. Creo is also an Original Equipment Manufacture supplier of on-press imaging technology, components for digital presses, and color servers for high-speed, print-on-demand digital printers. Creo trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock Exchange.
The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice.
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2002, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release.