New balls Bless Rangers, the Glasgow football club, for coming up with an altogether fresh approach to the governance of listed companies. Since floating on Aim in December at 70p a share, apart from losing more than a quarter of its value, it has lost its chief executive, and as of last week its chairman and Phil Cartmell, one of the non-executive directors on the six-man board. Mr Cartmell has been replaced by local businessman and bus operator James Easdale. A perusal of Companies House entries suggests that now just one of the Rangers’ non-executives has significant experience as a main board director of a listed UK company. Gers has also replaced Cenkos as nomad and broker. A spokesman says “it was time for a fresh approach”. Small Talk has seen staler fish at the supermarket. from THE FINANCIAL TIMES 15/07/2013
Posted on: Mon, 15 Jul 2013 15:07:14 +0000
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