We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

City veteran Carnwath resigns as non-exec at Barclays


Alison Carnwath has recently faced a series of investor protests at companies where she sits on the boards

Article comments

Barclays announced on Wednesday that non executive director Alison Carnwath, who led the bank’s pay committee, had resigned for “personal reasons” with immediate effect.

“With regret I have concluded that I am no longer able to devote sufficient time to my role as a director of Barclays given my other commitments,” Carnwath said in a statement.

The City veteran and one of the most high profile women in London’s financial community had sat on the bank’s board since joining in August 2010.

Carnwath holds a series of board positions at some of the UK’s top companies including embattled hedge fund Man Group and Land Securities, where she is chairman.

Barclays shareholders severely criticised Carnwath for sanctioning the pay deals for the former chief executive Bob Diamond who resigned a few weeks ago amid the rate fixing scandal.

In May she suffered an embarrassing investor backlash at hedge fund Man where some 33 percent of investors failed to support her re-election to the board of the hedge fund at the group’s annual meeting.

Share:

Comments

City veteran Carnwath resigns as non-exec at Barclays
People Management

Finance skills evolve as the recovery takes hold

Finance skills evolve as the recovery takes hold

Finance teams need to learn soft skills as corporate priorities evolvemore ..


ITV group FD to join DS Smith board

Ian Griffiths to take up non-executive director role at packaging companymore ..

Unemployment falls to five-year low

Headline rate of unemployment at 6.9% as wages rise above inflation ratemore ..

Microsaic Systems appoints new FD

Andrew Darby to succeed Malcolm Batemanmore ..

Do you have what it takes to become a non-executive?

The benefits of board service for CFOsmore ..

How level is the playing field for women in business?

Vince Cable moots women-only shortlists just ahead of international women’s daymore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..

Advertisement

* *