Beleaguered supermarket boss Sir Ken Morrison has come under yet more pressure - this time from the Association of British Insurers.
The association’s members are among the largest stock-market investors and Sir Ken’s company Morrisons has angered them with two recent profit warnings linked to last year’s acquisition of the Safeway group.
The ABI is highly critical of Morrisons stance on non-executive directors - there is just one on the board following the abrupt resignation of non-exec Duncan Davidson. This followed hot on the heels of the under-pressure resignation of finance director Martin Ackroyd.
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