ISS said that TalkTalk’s cash box “circumvented well-established market norms” and that there were also concerns around the independence of the board. The Investment Association [IA] and ISS are taking action to oust billionaire Sir Charles Dunstone as chairman of TalkTalk following a controversial £200m ($267m) Cash Box placing in February that breached IA guidelines. In the letter, which was obtained by Business Insider, IAC said it had "received information from an independent source regarding allegations made against Mr Dunstone. " The ISS has added its support advising clients to oppose their re-election citing the share sale and concerns over the independence of the board.
The Investment Association [IA] and ISS are taking action to oust billionaire Sir Charles Dunstone as chairman of TalkTalk following a controversial £200m ($267m) Cash Box placing in February that breached IA guidelines. In the letter, which was obtained by Business Insider, IAC said it had "received information from an independent source regarding allegations made against Mr Dunstone." The ISS has added its support advising clients to oppose their re-election citing the share sale and concerns over the independence of the board.