Standard Life supports Minerva in board battle

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Wednesday 25 August 2010 9:10 pm whatsapp CITY stalwart Standard Life threw its weight behind the board of Minerva yesterday, after the property investor and its activist shareholder KiFin traded another round of inflammatory statements.“It is not clear to us that the KiFin nominated board candidates would act in the best interests of all shareholders,” said Andrew Jackson, an investment director at Standard Life Investments, which owns a 4.89 per cent stake in Minerva. KiFin, owned by billionaire Nathan Kirsh, defended its plans to oust several Minerva board members in its latest strongly-worded letter to shareholders yesterday. It complained of the apparent apathy of Minerva’s non-executive directors, and claimed the firm “has continued to mislead you” by couching the planned overhaul as KiFin’s attempt to seize control by stealth. KiFin also turned on chief executive Salmaan Hasan, pointing out his salary represents 14 per cent of the firm’s wage bill. Minerva hit back, telling shareholders it regrets KiFin’s continued public criticism, but strongly recommends they vote down the proposals at a crunch meeting on 8 September. Sharecenter_img Standard Life supports Minerva in board battle KCS-content Show Comments ▼ whatsapplast_img

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