Whether to quit as director of Russian board is not complicated

We have yet to hear from Xavier Rolet but Lord Barker’s defence for staying put has a major holeA notable name of the London Stock Exchange’s fresh 27-strong list of suspended stocks was PhosAgro, the giant fertiliser group backed by Russia billionaire businessman Andrei Guriev, the reported owner of Witanhurst, London’s second largest home after Buckingham Palace.PhosAgro is chaired by none other than Xavier Rolet, the LSE’s long-serving chief executive until late 2017. He got the Russian gig a few months after stepping down. We are yet to hear from Rolet on whether he intends to stay in post at PhosAgro, but the general pan-European advice from fellow directors seems clear: it’s time to get off Russian boards. Continue reading…

We have yet to hear from Xavier Rolet but Lord Barker’s defence for staying put has a major hole

A notable name of the London Stock Exchange’s fresh 27-strong list of suspended stocks was PhosAgro, the giant fertiliser group backed by Russia billionaire businessman Andrei Guriev, the reported owner of Witanhurst, London’s second largest home after Buckingham Palace.

PhosAgro is chaired by none other than Xavier Rolet, the LSE’s long-serving chief executive until late 2017. He got the Russian gig a few months after stepping down. We are yet to hear from Rolet on whether he intends to stay in post at PhosAgro, but the general pan-European advice from fellow directors seems clear: it’s time to get off Russian boards.

Continue reading…

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