Alliance Trust has appointed two new non-executive directors, including former chief executive of Ignis Asset Management Chris Samuel.
The appointments follow a lengthy spat between the trust's board and activist investors Elliott Advisors earlier this year, which placed the trust under pressure to appoint new non-exec directors to its board. What can trust boards learn from Alliance vs Elliott spat? The investment trust had already given in to the activist investor's demands in April by appointing two new candidates proposed by Elliott to the board. These latest appointments will see Samuel (pictured) and Karl Sternberg, founding partner of Oxford Investment Partners, join the board with immediate effect. The n...
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