M&S' Rose survives crunch shareholder vote

Sir Stuart Rose, chairman and chief executive of UK retailer Marks and Spencer, has survived calls from some shareholders to step down a year earlier than planned - but 38% of the group's investors voted for a special resolution to appoint an independent chairman.

Shareholder groups viewed the votes against Sir Stuart as significant. Manifest, the proxy voting agency, said: "The results are not the unqualified victory for M&S management they claim to be. The resolution, although defeated, attracted twice as much support as any previous FTSE100 resolution; the closest contender was BAA in 2004."

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line