Sunday, June 19, 2005

WPP slated for corporate governance failure

Advertising giant WPP, headed by Sir Martin Sorrell, has been slammed for lax corporate governance by a leading shareholder activist group.

RREV, jointly controlled by Britain's National Association of Pension Funds and ISS, America's leading governance organisation, has raised concerns about the composition of WPP's board ahead of its annual meeting a week tomorrow.

See full Article.