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Frank Kane

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Ajay Shinde

Nice Article

KenOlisa

You say "A boardroom coup by the Kazakhs last month changed all that, and suddenly there were complaints from the non-execs that the owners' behaviour was "more Soviet than City". Well, what did they expect?" As one of the ousted directors, I would make two points. 1. The complaint was not sudden - our ousting caused me to make public what had been the subject of internal debate for months. 2. My expectation was that explicit written representations regarding Board independence as a condition of the $3bn IPO and subsequently had provided assurances about their voting intentions would be honoured by their authors. That is how we do things in the City.