Institutional Shareholder Services Recommends Investors To Oppose Motion Calling For LSEG's Chairman Donald Brydon’s Immediate Removal

The London Stock Exchange chairman Donald Brydon, under intense fire from activist investors calling for his removal, has received the backing of shareholder advisory group, Institutional Shareholder Services, ahead of a vote on his future.

TCI, the fund manager for Sir Christopher Hohn's Children's Investment Fund, which owns a five per cent stake in the stock exchange, “has not made a sufficiently convincing case for the immediate removal” of LSE Chairman Donald Brydon, proxy adviser ISS said in a report published on Wednesday.