M&S chairman champions corporate governance
Marks & Spencer chairman Paul Myners has called for more openness from institutional investors. Speaking at the National Association of Pension Funds conference, Myners (pictured) echoed earlier comments from CBI chairman John Sunderland that investors should adopt the same transparency as the companies they invest in.
Myners is at the centre of a boardroom battle at M&S over whether he should remain as chairman. It is understood that he is keen to stay, but other factions within the board feel he is too close to chief executive Stuart Rose.
M&S appointed Myners in an interim capacity as it rebuffed overtures from Philip Green 12 months ago. However, non-executive director Kevin Lomax, who the board has tasked to find a permanent chairman, is thought to favour ex-Whitehall mandarin Lord Terry Burns.
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