AEW UK REIT shareholders pushed back on the re-election of non-executive director Mark Kirkland at the company's annual general meeting on Wednesday (4 September), due to concerns that he is spread to thin across different companies' executive teams.
In a stock exchange notice notice, the trust said approximately 22.5% of shareholders voted against Kirkland's re-appointment on the grounds of "perceived overboarding", a situation where a board member serves on too many boards simultaneously. AEW UK's board noted that the number of votes cast against Kirkland were "unusually high", and had been driven by one of the proxy voting agents having recommended a vote against the motion. AEW UK REIT NAV shrinks despite narrowest sector discount Tackling the overboarding concerns, the board said it was "very comfortable" that Kirkland has...
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