Fireworks at M&S's AGM? Expect a damp squib

The received wisdom is that British investors - as opposed to, say, their US or continental European counterparts - are powerful partners in the governance of companies. As the economic screws tighten on UK plc, that assumption is in doubt. Take Marks and Spencer. Today's annual meeting of shareholders is expected to be a barnstormer. There is talk of "revolt" and "rebellion" among institutions that object to Sir Stuart Rose's elevation to executive chairman and that have been further irritated by last week's profit warning. You have viewed your allowance of free articles. If you wish to view more, click the... [read full story]