Friday, April 24, 2015

Vote often

At the HSBC annual general meeting, there was at least one call from the floor for non-executive director Rona Fairhead to resign. Another shareholder asked Rona to give HSBC Chairman Douglas Flint a job at the BBC - "in the fiction department".  Another said Rona's HSBC salary was "obscene", but Chairman Flint described her as "a fantastic servant".

Deputy Chair Simon Robertson said she'd done a very good job improving relations with US regulators, which had not been first-rate. (I wonder what she can do to improve her relations with Margaret Hodge and the PAC ?)

Nonetheless Rona was re-elected, for one more year, with the support of 96.6% of those voting.

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