In a stock exchange notice today (13 September), PRSR said its board reached an agreement with the requisitioning shareholders, which will see current non-executive chair Steve Smith step down at the next annual general meeting.
Shareholder discontent deepens as PRS REIT board faces governance concerns
As a result, Geeta Nanda, senior independent director, will take on the role of interim chair following the AGM and lead the appointment process of a new permanent chair.
The recruitment process has been launched “immediately”, PRSR said, as it turned to external consultants to suppo…
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