The London Stock Exchange chairman Donald Brydon, under intense fire from an activist investor calling for his removal, has received the backing of an influential shareholder advisory group ahead of a crunch vote on his future. The London Stock Exchange chairman Donald Brydon, under intense fire from an activist investor calling for his removal, has received the backing of an influential shareholder advisory group ahead of a crunch vote on his future. Institutional Shareholder Services (ISS) has recommended that investors oppose a motion, tabled by the Children’s Investment Fund Management (TCI), calling for Mr Brydon’s immediate removal. However, Mr Rolet stepped down last week after more than eight years in the role amid an increasingly bitter dispute that has dogged the exchange operator. The LSE confirmed last week that Mr Brydon will not stand for re-election in 2019, but this stopped short of meeting the TCI’s demands for his immediate removal.

Source: Irish Independent December 06, 2017 14:26 UTC