Liberty attacks Higgs proposals
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The Higgs proposals on corporate governance will create unmanageable and dysfunctional boards if implemented, Donald Gordon, chairman of Liberty International, has warned.
He made his remarks on reporting annual pretax profit up from £90.9m to £103.8m on turnover up from £331m to £345m.
The UK shopping centre portfolio increased in value by 5.3% on a like-for like basis.
The Higgs proposals on corporate governance will create unmanageable and dysfunctional boards if implemented, Donald Gordon, chairman of Liberty International, has warned.
He made his remarks on reporting annual pretax profit up from £90.9m to £103.8m on turnover up from £331m to £345m.
The UK shopping centre portfolio increased in value by 5.3% on a like-for like basis.
Gordon said Liberty’s interest in buying Great Portland Estates was not high on the company’s agenda. It said it had received a number of approaches for its 22% stake.
References: Financial Times 13/02/03 page 22, The Times 13/02/03 page 28 (Need to know & Results in brief), page 30 (Tempus), page 31, The Daily Telegraph 13/02/03 page 31, The Independent 13/02/03 page 21, page