Another top ten shareholder in the London Stock Exchange is seeking urgent clarification from the board about the alleged forced resignation of Xavier Rolet, the chief executive.
In a move that will pile pressure on Donald Brydon, chairman of the LSE, The Times understands that one of the top ten investors will be asking the board to provide convincing evidence that a proper governance process was followed over the departure of Mr Rolet, who will leave at the end of next year unless a successor is found sooner.
The shareholder will be seeking information on when the stock exchange first began to consider Mr Rolet’s position as well as details on when the Financial Conduct Authority first became involved. The investor said that the whole