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Wynn Resorts to expand board following Steve Wynn resignation

Tuesday, 13 February 2018 19:21
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Wynn Resorts Ltd has announced that it will add additional directors to the board following the departure of former Chairman and CEO Steve Wynn.

In a filing to the US Securities and Exchange Commission, the company revealed that “the Nominating and Corporate Governance Committee will commence a process to add additional directors to strengthen the composition, skills and experience of the board.”

Wynn Resorts will also expand its review into the sexual misconduct allegations that led to Wynn stepping down from his role by retaining Gibson, Dunn & Crutcher LLP as outside counsel to assist. The 76-year-old resigned last week following sexual misconduct accusations published in The Wall Street Journal on 26 January.

Wynn Resorts first formed a Special Committee of the Board of Directors of Wynn Resorts on the day the allegations first surfaced but said the enhanced committee “will conduct an expanded and comprehensive review of Wynn Resorts' internal policies and procedures with the goal of ensuring the company employs best practices to maintain a safe and respectful workplace for all employees.”

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