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Saba 'misrepresenting' AIC's input in independent director recruitment
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Saba is seeking to remove the boards of seven trusts in which it is a major shareholder, originally planning to replace them with a two-director board comprising a Saba representative and an independent director. This sparked concerns and questions from across the industry about the independence of these proposed boards, which is a key component to the overall oversight of investment companies. AIC writes to FCA raising regulatory concerns over Saba campaign and retail shareholder protection Investment company boards acts as a separate entity to the investment managers, as the form...
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Read more on investmentweek.co.ukAbout this in other media
Scottish Mortgage's Tom Slater plans to vote against Saba at Baillie Gifford meetings investmentweek.co.uk /3 days ago
FCA 'monitoring' developments in Saba saga investmentweek.co.uk /3 days ago
Saba pushes Herald up to a premium as it 'aggressively' buys up shares in bid to 'force through agenda' investmentweek.co.uk /3 days ago
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