The Investment Association [ UK ] and ISS are taking steps to oust billionaire Sir Charles Dunstone as chairman of TalkTalk following a controversial £ 200 m ( $ 267 m ) Cash Box placing in February that breached IA guidelines . A recent attempt to further bolster the company’s balance sheet by a sale of business customers to Daisy Group fell through when the buyer failed to raise finance. According to the Sunday Telegraph , the IA has issued a “ red top ” alert signalling that institutional investors may wish to vote against the re - election of Sir Charles and three other directors at the company AGM scheduled for later this month . The company has added its support advising clients to oppose their re - election citing the share sale and concerns over the independence of the company .
The Investment Association [ UK ] and ISS are taking steps to oust billionaire Sir Charles Dunstone as chairman of TalkTalk following a controversial £ 200 m ( $ 267 m ) Cash Box placing in February that breached IA guidelines . According to the Sunday Telegraph , the IA has issued a “ red top ” alert signalling that institutional investors may wish to vote against the re - election of Sir Charles and three other directors at the company AGM scheduled for later this month . The company has added its support advising clients to oppose their re - election citing the share sale and concerns over the independence of the company .