C&WW investors alerted

Cable & Wireless Worldwide shareholders have been warned that the telecoms company’s corporate governance could cause further problems as the firm attempts to right itself following three profit warnings. The Association of British Insurers is thought to have told shareholders that it has concerns over top executives at C&WW standing to gain from the company’s currently low share price. The “amber top” warning is one level below the ABI’s most serious level of concern about a firm’s governance.