Shareholders are calling for a number of board members at defence firm BAE Systems to resign due to the damage caused by the collapse of the proposed mega-merger between BAE Systems and European aerospace group EADS.
Three investors, including BAE Systems’ largest shareholder Invesco Perpetual, which owns 13%, have written to the board demanding that chairman Dick Olver and senior independent director Sir Peter Mason resign. The shareholders believe that BAE Systems lacks direction and that this can only come with change at the top. The investment firms have been joined…
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