Kevin Lomax, founder of IFA network owner Misys, is facing an embarrassing showdown as investors plan to vote against his re-election to the board at next week's annual meeting, reports the Guardian .
Major city investors are thought to be planning to use the meeting to demonstrate their fury at the way the company has been managed over the past 12 months and the way takeover talks have been handled. The Misys chairman, Sir Dominic Cadbury, is also being targeted for a protest vote by some investors, says the paper. City sources say although some investors may not take the bold step of voting against the re-election of the two executives to the board, they may abstain to show their disdain for the way the management is running the company. STANDARD CHARTERED, which makes two-thirds...
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