LSE shareholders win vote on chairman's future

From BBC - November 10, 2017

Shareholders in the London Stock Exchange (LSE) will vote on whether to eject its chairman and keep its chief executive following investor pressure.

The LSE confirmed it would hold an extraordinary general meeting following a request from The Children's Investment Fund Management (TCI), which owns more than 5% of the LSE.

The fund is seeking the removal of chairman Donald Brydon.

It wants Xavier Rolet, due to leave next year, to remain as the LSE's boss.

The LSE has 21 days to send a notice to shareholders about a meeting. It then has 28 days from the date the notice is sent to hold the extraordinary general meeting.

Mr Brydon has been under increasing pressure regarding the departure of Mr Rolet amid claims that the chief executive is being forced out.


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