Bob Diamond re-elected as Atlas Mara director after facing a minor investor revolt

 
Tim Wallace
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Diamond attracted dissenting votes
Ex-Barclays chief Bob Diamond was re-elected as a director at his latest venture Atlas Mara – but only after a modest shareholder rebellion among voters.

The chief executive was backed by 91.2 per cent of shareholders, giving him the support a solid majority.

But that figure compares with more than 99 per cent for all other directors.

It was only Diamond who attracted dissenting votes from 8.8 per cent of those shareholders who took the annual opportunity to have their say.

Atlas Mara is in the process of investing in African banks, and plans to reform the industry and introduce more modern, large-scale industry practices to the sector. Diamond achieved similar goals with Barclays’ investments in African lenders.

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