Some 6.53% of shareholders in UK-based mobile giant Vodafone have voted against the re-election of chairmain Sir John Bond at today’s AGM, reports Reuters.
Led by investor group Ontario Teachers’ Pension Plan, which came out last week against Bond and…
Some 6.53% of shareholders in UK-based mobile giant Vodafone have voted against the re-election of chairmain Sir John Bond at today’s AGM, reports Reuters.
Led by investor group Ontario Teachers’ Pension Plan, which came out last week against Bond and his deputy John Buchanan, the protesters said they would back the re-election of Vittorio Colao, the company’s CEO.
Bond today told shareholders that the company regularly considers strategy around its minority stakes in France, the US and China, while underlining the value of its holding in US mobile group Verizon Wireless.
He added that further geographic expansion was generally off the menu. Rebel shareholders had described the company’s expansionist policy as value destructive.
