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Trio of AssetCo directors face proxy voter pressure over lack of diversity and independence
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investmentweek.co.ukProxy adviser Glass Lewis recommended shareholders vote against his re-election, as well as that of Tudor Davies and Christopher Mills, arguing the board lacks gender diversity and independence. They highlighted the financial interests of Davies and Mills, noting Davies controls a firm which has received £91,000 for consulting services from the firm, while Mills sits as CEO at Harwood Capital, the largest shareholder of AssetCo, with a 14.5% stake. AssetCo losses triple to £26.7m in 'exceptionally difficult' year The firm also took aim at Gilbert's role in the business, arguing he...
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