UK REIT Palace Capital has lost three members of its board today (July 19), after shareholders rebelled against the firm’s strategy change announced earlier this month.
Senior independent director Mickola Wilson and non-executive directors Paula Dillon and Kim Taylor-Smith have resigned from the board effective immediately. This leaves the board with no independent directors, but the company said it will look to appoint a new non-executive director in due course. "I would like to thank Mickola, Kim and Paula for their dedication and commitment to Palace Capital, and we wish them all the best for the future," said Steven Owen, interim executive chair until the appointment of a new CEO, following the departure of co-founder Neil Sinclair. Palace Capita...
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