30th Dec 2016 06:51
LONDON (Alliance News) - Shareholders of Royal Bank of Scotland are pushing for the company to create a shareholder committee in order to prevent a return to the practices that led the bank's near-collapse in 2008, the Financial Times reported.
According to the newspaper, around 160 investors, mostly institutions, have proposed that RBS allow shareholders to vote at the next annual general meeting to install the new committee in order to improve corporate governance at RBS.
Chairman of campaigning organisation ShareSoc Mark Northway, said: "One objective is to stop the events that took place at RBS from ever happening again."
https://www.ft.com/content/40180c86-cde6-11e6-864f-20dcb35cede2
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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