Activist investor scores a win with removal of UK funeral boss
The removal of a top funeral executive comes at a time when undertakers are reeling from a competition probe
22 April 2021 - 16:27
London — A top British funeral executive was removed from his position after a war of words with an investor, in the latest drama for an industry that’s been rocked by accusations of excessive price rises for years.
In a vote on Thursday, shareholders of Dignity backed a proposal by Phoenix Asset Management Partners to oust executive chair Clive Whiley, after accusations that he failed to address unspecified issues within the company’s prepaid services. The move comes even after influential adviser Institutional Shareholder Services recommended holders vote against the change...
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