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Unilever’s botched plan to quit London leaves it open to hostile bids

13 October 2018

9:00 AM

13 October 2018

9:00 AM

Unilever’s abandonment of plans to scrap its Anglo-Dutch corporate structure and leave London is a huge embarrassment for chief executive Paul Polman, whose days in post must surely be numbered. More significantly, it’s a rare demonstration of the power of UK institutional investors (the likes of Aviva, Legal & General, M&G and Schroders) to exercise collective influence in errant boardrooms.

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