1st Sep 2014 06:01
LONDON (Alliance News) - GlaxoSmithKline PLC faces a potential shareholder revolt from investors calling for Chairman Chris Gent to leave more quickly, the Sunday Times reported Sunday, citing a senior City source.
Gent has said he will stand down next year, and is likely to be succeeded by Royal Bank of Scotland Group PLC Chairman Philip Hampton.
Several big institutions are calling for the chairman or chief executive to leave this year due to Glaxo's poor share performance and growing corruption claims, the report said.
The Sunday Times report said the institutions are understood to be considering approaching Glaxo's senior independent director, Deryck Maughan.
http://www.thesundaytimes.co.uk/sto/business/Companies/article1453017.ece
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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