Always good to see shareholders playing a role in their companies.
Onésimo Alvarez-Moro
See article:
Britain's largest pension funds have added to the pressure to curb the power of Sir Stuart Rose, Marks & Spencer's executive chairman.
The National Association of Pension Funds (NAPF), whose 1,200 members control about 15 per cent of the stock market, has joined the Local Authority Pension Fund Forum (LAPFF), Pirc, the consultant to investors, and the Association of British Insurers in expressing concern about Sir Stuart's role.
The NAPF, which speaks for investments worth £800 billion, is understood to have met M&S recently to discuss the issue and is thought to have urged the retailer to separate the roles of chairman and chief executive.
Posts
