eholder-director r for NFC
Page 44
If you've noticed an error in this article please click here to report it so we can fix it.
ECTORS of the National Consortium are
olders and must have to shareholders' views, 3 representation of
olders on the board might o be superfluous. A "very majority of members of isortium, however, such an appointment to le by election by
alders — a matter of being seen to be done. se for and against an yee-di rector elected by yees is evenly balanced. .eholders will have a to decide the matter at -mai general meeting at ley Conference Centre, n, on February 25 when ard will propose the n from among
!alders of a non-executive ly responsible director. ocedure will be experimental, as befits a significant departure in a British company.
Shareholders and employees have no excuse for claiming ignorance of the consortium's progress, for eight directors have just addressed evening meetings at Newcastle upon Tyne, Peterborough, Portsmouth, Oldham, London, Birmingham, Exeter, Swansea and Derby. The news that the NFC has paid a fourth interim dividend of 2.5p per share and earned a profit of £8.5m after interest and tax in the 48 weeks to September 3 must have made them most welcome guests.