Saturday 21 October 2017

David Begg survives yet another key Aer Lingus vote

Ictu's David Begg
Ictu's David Begg
Nick Webb

Nick Webb

Bearded trades union boss David Begg has survived yet another attempt to dislodge him from the board of Aer Lingus as a Ryanair led vote against him was not enough to block his re-election.

The ICTU general secretary was opposed by 32 percent of those voting at the Aer Lingus AGM. The revolt against Begg wasn't the only one suffered by listed companies facing shareholders last week, as Aer Lingus also faced opposition to CEO Christoph Mueller's pay.

Stan McCarthy's Kerry Group also suffered major opposition to the re-election of a number of directors including former Department of Agriculture secretary general Michael Dowling.

Almost 25 per cent of the vote went against Dowling, but he was re-elected. A number of other directors were also opposed by shareholders.

Close 10 per cent of shareholders in Aidan Heavey's Tullow Oil opposed the company's pay policy, although this resistance was easily swatted away by hefty proxy vote block.

Sunday Indo Business

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