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    Emerald Resources (ASX:EMR) announces a board change

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    Emerald Resources (ASX:EMR) has just announced a change to its board.

    Emerald Resources is pleased to announce the appointment of Mr Michael Bowen and Mr Jay Hughes as Non-Executive Directors of the Company effective immediately.

    Mr Bowen is a partner of the national law firm Thomson Geer. He practices primarily corporate commercial and securities law with an emphasis on mergers, acquisitions, capital raisings and resources.

    Mr Hughes started his career on the Perth Stock Exchange trading floor in 1986. In 2000, he was one of the founders of Euroz Limited and he is currently an Executive Director of Euroz Hartleys Group Limited (ASX:EZL) and Non-Executive Chairman of Westoz Funds Management Pty Ltd.

    Shares of Emerald Resources have fallen 3.781% following the announcement.

    Any change in the make-up of a company?s board can have an impact on a company?s stock price.

    Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.

    However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.

    As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.

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