We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Shareholder power

30 June 2006 By Hugo Dixon

96% of EGM attendees voted against the deal. But that only amounted to 58% of total capital not that much above the 50% minimum required. This was only achieved after a shareholder rebellion and change in the board’s recommendation. That shows how undemocratic the process was.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)