Carpetbagger, David Stonebanks, has been invited for talks with the Standard Life Board. This follows yet a further attempt by carpetbaggers to de-mutualise Standard Life.
Standard Life say that they wish to hear the proposals of Mr Stonebanks who currently has 300 of the 1,000 policyholder member votes required to force a full ballot.
Our view
Yet another attack. No provider invites someone in for talks just to hear their proposals and give them a chance. This is about the board protecting the mutuality of the company and of course, possibly their own positions, given the recent salary increase speculation.
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