70% of FTSE 350 chairs under pressure to step down

May 3, 2019Chair, Non-Executive DirectorBy Rachel

The nine-year limit for chairs is putting a number of FTSE 350 companies under pressure to replace their chairs. But is this cause for concern or a good thing? Pub chain founder Tim Martin is vehemently opposed to the idea that he should no longer sit as chair of JD Weatherspoon, after already serving 36 years in the role. Telling the Financial Times that the revised corporate governance rules, which now include a requirement that chairs step down after serving on the board for nine years, are “deeply flawed” and “institutionalise inexperience.” While in America, Facebook founder, Mark Zuckerberg, is

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