The smaller number of directors would be "better able to engage effectively in the restructuring process for RBS group", the bank said.
The bank is in the process of restructuring its business, which will involve the loss of up to 6, 000 jobs by 2016.
Gazprom executives say they are in the process of restructuring noncore assets.
Chrysler reported an annual net profit for the first time since it emerged from a bankruptcy restructuring process in 2009 that handed control of the car company to Italy's Fiat.
In the quarter, NAND Flash revenues were down 12% sequentially on an 11% drop in sales volume, a drop the company blamed on a one-time increase in volume in Q3 from the sale of work in process inventories resulting from the restructuring of the IM Flash joint venture with Intel.
The great American municipal bond restructuring is selectively in process like a slow lava flow: Run away and sell those issues that may scorch your portfolio.
ConocoPhillips is in the midst of a restructuring process that will see the creation of two publicly traded companies, splitting its up and downstream operations.
FORBES: Oil & Gas Paradigm Shift: Exxon Sells Japanese Downstream Assets For $3.9B
The restructuring process, which began in 2009, is expected to reduce manufacturing costs, increase efficiency, facilitate far more flexibility in labor requirements, and will also help reduce product development time by 30% that will enable the company to launch new models faster.
FORBES: Can Harley-Davidson's Earnings Deliver Growth And Fatter Margins?
Then it asked the banks to look over Daewoo's shoulder, to make sure it got on with restructuring. (Daewoo claims it is still in charge of the process.).
Due to the ongoing restructuring process as well as the transition to 4G LTE taking place in many parts of the world, the venture not only returned to operating profitability last quarter but also generated cash for four quarters in a row.
And even fans of Danamodal, the country's bank-restructuring outfit, admit that the process is less transparent than it was in Indonesia and Thailand.
In particular, he believes Europe and the West must begin the long slow process of restructuring their economies to reduce their dependence on the financial sector.
As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm.
应用推荐