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Article: Dissident investor's calls for INM board shake-up rejected
- Article from:
- The Independent (London, England)
- Article date:
- June 12, 2008
- Author:
CopyrightCopyright 2008 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Attempts by the Irish entrepreneur Denis O'Brien to vote out
large elements of the board of Independent News & Media, the
international media group which owns The Independent, were firmly
rebuffed at a shareholders' meeting in London yesterday, with one
director branding Mr O'Brien's campaign as "offensive and juvenile".
Mr O'Brien, who did not attend the meeting, voted his 25 per cent
shareholding against all resolutions put to shareholders, including
adoption of the accounts and re-election of a number of directors.
But his efforts drew limited support and the resolutions were passed
comfortably.
After the meeting, Gavin O'Reilly, chief operating officer, said
he was disappointed but not ...