Commenting on Ryanair’s announcement on a new Group structure, Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, said:
“We’ve had longstanding concerns about governance at Ryanair, which has been compounded by recent operational issues and ongoing labour unrest. While we welcome some of the governance changes announced this week, we don’t think they go far enough.
“We would like to see the new chairman undertake a comprehensive board review with a view to putting in stronger governance standards to support the growth plans of the business.”
RLAM holds 366,258 shares circa. £3.7m / 0.03%
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About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £114 billion of assets and employs 92 investment professionals as at December 2018. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued February 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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