UK - Pensions & Investment Research Consultants (PIRC) has urged Marks & Spencer (M&S) to separate its chair and chief executive roles, after large institutional investors voted against the re-election of Stuart Rose to the board of directors.
While the majority of shareholders voted in favour of the promotion of Rose to chairman from chief executive, around 20% reportedly either opposed or abstained from the motion at this week's AGM. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
