Schroders Survives Investor Ire Over CEO’s Move To Chairman

British asset manager Schroders faced a revolt at its annual meeting on Thursday with 14.91 percent of shareholder votes cast opposing the appointment of its former chief executive Michal Dobson as non-executive chairman.┬áThe firm, Britain’s biggest standalone listed fund firm by assets under management, was forced to defend its plan last month to elevate its former chief executive to chairman, a move which critics say runs counter to the principles of corporate governance in the UK.

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