FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – WeWork owner The We Company said on Friday it plans to list its stock on the Nasdaq and announced changes to its corporate governance, including curbs in the voting power of founder and CEO Adam Neumann, ahead of the roadshow for its stock market launch.
WeWork also said no member of Neumann’s family will be on the company’s board and any future successor will be selected collectively by the board.
Reporting by Anirban Sen; Editing by Saumyadeb Chakrabarty