A leading proxy shareholder adviser has commended Independent News & Media (INM) for its improved corporate governance, but criticised the lack of transparency around the compensation payout to Tony O’Reilly.
Adviser ISS said INM had continued with ‘‘progressive improvements’’ during 2009, despite the fact that it was under pressure during the period. It also said shareholders would ‘‘appreciate’’ the fact that it is putting its remuneration report to shareholders voluntarily at an agm...
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