Investor Relations
News Detail
Statement Issued by INM PLC
Dublin/London, 10th June 2008: Independent News & Media PLC commented today that the report issued today on behalf of dissident shareholder, Denis O’Brien, represents yet another deliberately misleading, malicious and wholly inaccurate assessment of Independent News & Media PLC, its performance and governance.
The findings of the dissident shareholder-financed report have already been completely dismissed by Professor Jay Lorsch of Harvard Business School, widely recognised as one of the world’s leading experts on corporate and business governance. Professor Lorsch recently completed an in depth assessment of INM and its governance, made available to all shareholders at http://www.inmplc.com.
In a statement issued this afternoon in response to the latest re-hash, Professor Lorsch said: “The report published today by Mr. Stephen Davis just repeats much of the same content using the same sloppy methodology as last year’s report. It fails to consider the reality of how the INM Board functions, the individual contributions of each of the directors and their ability to execute their own independent judgment for the benefit of all stakeholders.”
ENDS
