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Institutional EYE

Commentary on Corporate Governance Issues

Fortis Healthcare: A vote to reboot

Fortis’ EGM result, decisively in favour of removing the old board and vote in the members proposed by shareholders, speak of investor discontent with the way the board has conducted itself and with what has been proposed. The result can be interpreted only in one way: the vote signals that the new board needs to quickly correct course and amend the past mistakes.

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