The audit committee, which includes two independent directors, has also come under scrutiny due to their lack of expertise in accounting and financial statements. They are qualified Company Secretary not Chartered Accountant.   

In CY22 more than 150 companies announced issue of bonus shares and we have gauged the performance of some well-known stocks from the date of ex-bonus to date (December 30). 

Stock futures rose early on Tuesday morning after the major averages finished another losing week. Investors are now looking ahead to the release of June jobs report data on Friday.