Blog: Dean BestRose faces thorny issue

Dean Best | 8 July 2009

just-food is currently in attendance at Marks and Spencer’s highly anticipated AGM, where chairman and CEO Sir Stuart Rose is expected to face his shareholder critics.

Rose has attracted disapproval from shareholders over his dual role as chairman and chief executive, a breach of UK corporate governance best practice.

M&S has argued that the company requires stability as it looks to appoint a successor to Rose.

However, many shareholders remain unconvinced and a motion, proposed by the vocal Local Authority Pension Fund, will today (8 July) seek to set a deadline of July 2010 for the appointment of a new independent chairman.

How will Sir Stuart respond to such censure?

For live notes from the AGM, check out just-food’s observations on Twitter.


just-food hits the UK's airwaves

The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....


Ranjit Boparan buys another UK business out of administration

Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....


Tyson Foods investors left to chew over analyst claims

Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....

just-food homepage

Forgot your password?