UK - For the second year in a row, independent consulting actuary Ronnie Sloan has ended up withdrawing his nomination for election to the board of Standard Life at next month's AGM. Last year he withdrew his valid nomination as an independent candidate because of flaws in Standard Life's regulations, he says, which would have led to a £1m cost of reprinting 2.4m voting papers.
This year he says he was thwarted by Standard's undemocratic director election procedures, which effectively negate independent candidates’ chances. Sloan said the main obstacles currently are: * B...
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