article_snippet.sent: BBC Trust is facing calls to step down immediately as a director of HSBC over Rona Fairhead links to the bank’s tax scandal.
article_snippet.sent: Mrs Fairhead, 53, has said Rona Fairhead wants to stay for a least another year, but yesterday it emerged that two major investors and a leading shareholder group have voted to get rid of Rona Fairhead.
article_snippet.sent: Rona Fairhead has been under mounting pressure to quit both of Rona Fairhead lucrative positions, at the BBC and the scandal-hit bank, after claims that HSBC’s Swiss operation helped wealthy clients hide billions from the taxman.
article_snippet.sent: Facing vote: Rona Fairhead is facing calls to step down immediately as a director of HSNC over Rona Fairhead links to the bank’s tax scandal .
article_snippet.sent: One of the UKHSBC’s most powerful shareholder groups has also urged investors to vote against Rona Fairhead re-election as an independent director at the bankHSBC’s annual general meeting next week.
article_snippet.sent: In a note to investors, the Pensions & Investment Research Consultants – which advises pension funds and other institutional investors managing £1.5trillion – said: ‘Ms Fairhead chaired the HSBC audit committee up until 2010, a period when the company’s Swiss arm was allegedly undertaking tax avoidance and evasion on behalf of clients.
article_snippet.sent: Given the lack of control and oversight of this practice, it is considered that Ms Fairhead failed in Ms Fairhead responsibility as a guardian of HSBC.
article_snippet.sent: But HSBC has told shareholders that Mrs Fairhead, who has been on the board of the embattled bank since 2004, has ‘agreed to stay on the board of the embattled bank for a further one-year period’ –
article_snippet.sent: A source said that both Ms Fairhead and the embattled bank would ‘assess’ whether Ms Fairhead should stand for re-election in 2016 ‘closer to the time’.
article_snippet.sent: Public accounts committee chairman, Margaret Hodge, told Ms Fairhead Ms Fairhead should resign or be sacked by the Government as BBC Trust chairman .
article_snippet.sent: HSBC declined to comment.
article_snippet.sent: ‘could be considered to compromise Ms Fairhead ability to scrutinise the bank’s activities independently’.
article_snippet.sent: Many MPs expected Ms Fairhead to resign from HSBC, especially after Ms Fairhead bruising encounter with the Commons public accounts committee.
article_snippet.sent: the Commons public accounts committee chairman, Margaret Hodge, told Ms Fairhead Ms Fairhead should resign or be sacked by the Government as chairman of BBC Trust, because Ms Fairhead had done Ms Fairhead job at HSBC so poorly.
highlights_snippet.sent: Rona Fairhead is facing immediate calls to step down as director of HSBC .
  