For the second straight year, Dye & Durham DND-T will emerge from its annual meeting with a completely overhauled board, after ex-chairman Tyler Proud struck a governance truce with the Toronto legal software company.
The deal, announced Friday, is the latest twist in a seemingly endless season of chaos affecting the beleaguered company. Under the agreement, one of the directors nominated by activist shareholder Engine Capital LP last December – Anthony Kinnear – will leave the seven-person board immediately.
He is being replaced by newcomer Edward Smith, executive chairman and former chief executive of global manufacturing services company SMTC Corp. Mr. Smith becomes chairman of D&D, replacing Bay Street veteran Alan Hibben, who joined the board just 15 days earlier and will remain a director.

