Shareholders are expected to vote against Wakeham’s re-election at the company’s AGM on 22 May. The chartered accountant, who also sits on Michael Page’s remuneration and audit committees has to date been backed by the rest of the company’s board.
But one of the company’s main shareholders said it was unlikely Wakeham would survive the vote as the majority of US shareholders ‘want to see him go.’
The Tory minister gets paid £50,000 per year for his role as Michael Page chairman.
Wakeham was tainted by the Enron scandal after it emerged that he was non-executive chairman of the fallen energy giant and a member of its audit committee.
In February, Enron announced that Wakeham along with six other board members were to step down.
Michael Page were contacted for comment, but have not, as yet, offered a response.
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