He’s in London, doing important international business stuff:
He’s in London, doing important international business stuff:
Dissident investor’s calls for INM board shake-up rejected
Attempts by the Irish entrepreneur Denis O’Brien to vote out large elements of the board of Independent News & Media, the international media group which owns The Independent, were firmly rebuffed at a shareholders’ meeting in London yesterday, with one director branding Mr O’Brien’s campaign as “offensive and juvenile”.
Mr O’Brien, who did not attend the meeting, voted his 25 per cent shareholding against all resolutions put to shareholders, including adoption of the accounts and re-election of a number of directors. But his efforts drew limited support and the resolutions were passed comfortably. […]
Mr O’Brien’s strictures failed to make headway at a generally supportive meeting which saw Sir Anthony give an upbeat assessment of the outlook for the company.
Defending the company’s corporate governance record, Brian Mulroney, a non-executive director and former prime minister of Canada, said that he had served on many boards including Barrick Gold and Blackstone and none of them exceeded Independent News & Media in terms of transparency and integrity.