Chairmen Must Face an Annual Test ; City Comment
Evening Standard - London › May 18, 2009
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Summary
IT was suggested here last Monday that it would be best if Sir Victor Blank stood down as chairman of Lloyds Banking Group rather than put the business through the strains of a shareholder revolt against his re-election. That is the decision he has wisely taken and he can now move on.
The chairman of Barclays, Marcus Agius, successfully saw off those who moved to unseat him, but he was greatly helped by the fact that his bank has steered clear of Government help and has a share price which is on the mend.See the full content of this document
Extract
Chairmen Must Face an Annual Test ; City Comment
Lloyds is the opposite -- largely owned by the state and with a continuing fear that we have still not seen the worst of the HBOS losses.
So while Agius could expect a victory to put the issue behind him, Blank faced the prospect, ev...See the full content of this document
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