Skip to content

8 February, 2023

Subscribe Advertise About Us
  • My Account
  • Register
  • Log In
  • Log Out

Board Agenda

  • Governance
  • Strategy
  • Risk
  • Ethics
  • News
    • Categories

      • View All
      • Board Moves
    • CEO legacy

      Long-standing CEOs can leave a legacy of trouble for boards

      Performance and productivity can suffer after a long-tenured chief executive leaves the company, researchers find.

    • cost-of-living crisis Aviva highlights cost-of-living crisis

      Fund calls for ‘mindful’ pay ratios, showing executive pay is now firmly an issue for...

    • diversity talent pipeline News round-up: this week in governance

      Target diversity early; directors job market 'ossified'; US extends duty of oversight; 'kindness bias' hinders...

  • Insight
    • Categories

      • View all
      • Governance
      • Strategy
      • Risk
      • Ethics
      • Board Expertise
      • finance
      • Technology
    • mission zero

      Can the UK achieve net zero by 2050?

      To gain economic benefits, UK businesses will need resilient and flexible supply chains to provide...

    • governance recession

      What use is governance in a recession?

      Companies seeking competitive advantage in uncertain times will find that effective governance allows much sharper...

    • climate litigation

      Climate litigation: how 2022 will shape 2023

      This past year saw a rise in climate litigation, with a focus on the commercial...

  • Comment
      • View all
    • A week of business moving to the centre of human rights

      A week of events signals the initiatives underway to have companies play a central role...

    • audit reform IIA Why we need audit reform right now

      There is an "urgent need" for reform to the audit landscape as well as internal...

    • climate change energy crisis Sustainability and climate change: the other energy crisis

      The world is addicted to cheap energy. We need to admit this and have the...

  • Interviews
      • View All Interviews
      • Podcasts
      • Webinars
    • Board priorities 2023 Board priorities 2023: tact, trust and transparency

      We asked key figures what would help boards this year. The answers ranged from 'smarter...

    • Group of investors/shareholders in glass building Climate issues likely to figure prominently at next year’s AGMs

      A recent webinar heard that say-on-climate voting is expected to rise, while ESG remains a...

    • NEDs role NEDs ‘needed more than ever’ in times of uncertainty

      The non-executive director’s role is to both challenge and listen to management, agreed the panel...

  • Careers
      • View all
      • Selection
      • Board Moves
    • CEO legacy Long-standing CEOs can leave a legacy of trouble for boards

      Performance and productivity can suffer after a long-tenured chief executive leaves the company, researchers find.

    • diversity talent pipeline News round-up: this week in governance

      Target diversity early; directors job market 'ossified'; US extends duty of oversight; 'kindness bias' hinders...

    • NED recruitment News round-up: this week in governance

      Your country needs NEDs; governance does not compute; financial firms get more women on board;...

  • Resource Centre
      • White Paper Downloads
      • Book Reviews
      • Corporate & Advisory Services
    • Edelman Trust Barometer 2023

      2023 Edelman Trust Barometer

      The report is the result of the Edelman Trust Institute's research, which sampled more than...

    • Sophos 2023 Threat Report

      Barriers to entry for would-be cybercriminals are lower, with tools and tactics becoming available to...

    • The C-Suite Outlook 2023: On the Edge

      The Conference Board 2023 C-Suite Outlook survey reveals the events that C-suite executives see as...

  • Events
  • Search by topic
    • Governance
    • Strategy
    • Risk
    • Ethics
    • Regulation
    • ESG
    • Investor Relations
    • Selection
    • Board Expertise
    • finance
    • Technology

Investors head for showdown with LSE board over CEO’s departure

by Gavin Hinks on November 10, 2017

Senior figures from The Children’s Investment Fund are set to meet the London Stock Exchange board next week to discuss the departure of chief executive Xavier Rolet.

Donald Brydon, London Stock Exchange

Donald Brydon, chairman of the London Stock Exchange. Photo: US Embassy, Flickr, CC

The board of the London Stock Exchange is this morning considering demands for an extraordinary general meeting (EGM) from shareholders angry over the resignation of chief executive Xavier Rolet.

The EGM has been called by disgruntled shareholder The Children’s Investment Fund (TCI)—owner of a 5% stake in the LSE—which has tabled two motions: that Rolet stay on in his role until 2021, and that chairman Donald Brydon step down. The LSE has 21 days to respond.

Reports this morning suggest that the LSE board has invited senior figures from TCI to a board meeting to discuss the issue.

Rolet’s departure was announced in October but he has been unable to comment publicly about the reasons because of a confidentiality clause in his agreement.

LSE has defended its handling of Rolet’s departure, saying it followed a “proper” governance process.

It said: “LSEG [London Stock Exchange Group] has followed a proper governance process to plan an orderly succession for the CEO. The FCA was kept informed throughout the process and emphasised the importance of the plan for an orderly succession.

“Xavier Rolet will be providing input into the process to identify his successor and is focussed on his role as CEO until his successor is appointed.”

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Mail

Related Posts

  • Xerox appoints CEO
    August 19, 2022
    Xerox CEO

    Steven Bandrowczak has been confirmed in post after stepping up as interim chief executive officer since June this year.

  • Howard Schultz rejoins Starbucks board as interim CEO
    April 11, 2022
    Starbucks sign outside shop in Warsaw, Poland

    The coffee giant’s founder has returned to the boardroom as Kevin Johnson retires after five years at the helm.

  • PUMA promotes Arne Freundt to CEO
    November 7, 2022
    PUMA CEO

    Currently chief commercial officer, Freundt will take over as chief executive and chair of the management board.

  • Serco announces CEO designate
    September 15, 2022
    SERCO CEO

    Mark Irwin will take the helm from Rupert Soames, who is retiring after nine years at the UK government contractor.

For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda

CEO succession, corporate governance, FCA, London Stock Exchange, The Children's Investment Fund, Xavier Rolet

Search


Sign up to our Newsletter

Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week.

SIGN UP

Follow Us

 

 

 

 

Most Popular

  • Investors favour votes against directors over say-on-climate proposals
  • Shell overhauls its board
  • ESG grows in importance as driver of M&As
  • What use is governance in a recession?
  • News round-up: this week in governance
 

Featured Partner Profile

Diligent

Diligent

Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. Diligent’s modern governance platform empowers leaders and teams at every level of the organisation to digitally transform and create ...

Featured Partner Resources

2022 AGM Season Forecast: An Eye on The Horizon

To help prepare for AGMs in 2022, Equiniti (EQ) hi...

Stakeholder Engagement: A Roadmap for UK Plc Boards

This guide aims to provide directors and their col...

Digital Boards: How Technology Adoption is Driving Culture Change and Resiliency

Digital tools proved their worth to boards during ...
Leadership in AI report

Leadership in AI

This report from Board Agenda and Mazars, in assoc...
Creativity in a Crisis: a Boardroom Map for Innovation

Creativity in a Crisis: a Boardroom Map for Innovation

In the uncertain times at the height of any crisis...
Board Directors Guide to D&O Liability Insurance - November 2020 - AIG & Board Agenda

Board Directors' Guide to D&O Liability Insurance

Directors face liability over a range of new threa...
Leadership-in-Risk-Management-Board-Report

Leadership in Risk Management: Board Report

Board Agenda, in association with Mazars and INSEA...
Director's Guide to Internal Investigations

A Director's Guide to Conducting Internal Investigations

An internal investigation must be handled meticulo...

 


 

ADVERTISE – FREE CORPORATE LISTING

FREE - Add your company profile to our Corporate & Advisory Directory.
ADD

ADVERTISE – PROMOTE YOUR REPORTS & WHITEPAPERS

FREE - Add your company profile to our Corporate & Advisory Directory.
Add Resource

Register Free

Register to receive free article views, selected resource downloads, and all the latest news alerts straight to your inbox. Register


  • Editors & Contributors
  • Editorial Advisory Board
  • Corporate & Advisory Services
  • Media Marketing Solutions
  • Contact Us
  • Careers
  • Board Director Network
  • Terms & Conditions
  • Privacy Policy
  • Cookies
  • Sitemap
|