Unease among National Express shareholders over Cosmen’s role

Jorge Cosmen: opposed by 17%

Jorge Cosmen: opposed by 17%

Shareholder discontent with financial performance and corporate governance at National Express Group has manifested itself in large numbers refusing to support the re-election of deputy chairman Jorge Cosmen and the cut in dividend payment.

Although Cosmen was re-elected as deputy chairman, with 81% support, four corporate governance experts contacted by Transit were unanimous in their assessment that the 17% against represented a huge display of dissatisfaction saying that the result should be...