Schroders' shareholders back Dobson chairman appointment

At an AGM held earlier today, 85.09% voted in favour of Dobson's elevation to chairman, winning the "simple majority", while just 14.9% voted against, although some shareholders said the move breached corporate governance rules. Senior independent director Philip Howard said in a statement: "The company notes that more than 85% of shareholders who voted supported the re-election of Michael Dobson (pictured). "As I have explained previously, the board, before proposing Dobson as chairman, consulted with its major shareholders and this engagement will continue." Schroders' shares are...