Schroders shareholders urged to rebel over family appointment

Shareholders in Schroders have been urged by an proxy adviser to block the reappointment of Michael Dobson as chairman of the FTSE 100 listed fund manager, as well as the election to the board of the daughter of the late Bruno Schroder to its board. Glass Lewis has recommended that at next month's annual meeting investors vote against the company's pay report, as well as the election of Leonie Schroder, claiming the 45-year-old lacks the relevant experience needed to challenge the firm's executive team. The advisory firm added: "We do not believe a sufficiently robust rationale has be...