Aug 14 (Reuters) - Novogen Ltd NRT.AX
* Novogen Ltd - provide an update to investors on a review of business operations recently completed by board and management team
* Novogen Ltd - directors have offered to reduce their fees, providing additional savings to company
* Novogen Ltd - annual cost of board has been reduced by approximately 50%.
* Novogen - about $1.8 million of annualized savings identified in operating expenses, principally comprising reduction in consultant expenditure, reduction in headcount