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Financial Times: Investors revolt against directors with too many jobs

David Pitt-Watson, Pembroke Visiting Professor of Finance at Cambridge Judge Business School, comments on the clash between investors and company directors. “It’s really rare that a company will go to an AGM and allow itself to be defeated,” he says. “Sensible companies should not be having arguments with their shareholders. But there may be situations where a group of shareholders are upset with the company and the companies are unwilling to negotiate.” (subscription)

Read the full article [ft.com]