Misys bows to pressure - papers 4th Nov

The group, which also announced its intention to focus on its major software markets and “realise value” from its general insurance business, had faced fierce opposition from investors over its plans for separating the roles of chief executive and chairman, says The Times. Although Kevin Lomax, the group’s executive chairman, had pledged to separate the roles he aimed to make the change in two to three years’ time. The City had put intense pressure on him to speed up the process. In a statement released yesterday, Misys said it had separated the roles and appointed Sir Dominic Cadbury,...