BusinessPeople In BusinessRBS shareholders sound out Sir Philip Hampton for chairmanship

RBS shareholders sound out Sir Philip Hampton for chairmanship

Shareholders at the Royal Bank of Scotland have approached former FTSE 100 FD as they look to effect a boardroom overhaul

The chairman of J Sainsbury, Sir Philip Hampton has been approached by a
number of shareholders to take over from Sir Tom McKillop as chairman of the
Royal Bank of Scotland.

Institutional investors have called for McKillop and CEO Sir Fred Goodwin to
be dismissed over the bank’s recent £12bn rights issue.

Hampton has previously spent more than two years as finance director for
Lloyds TSB and is one of the City’s most respected figures the
Daily
Telegraph
reported.

The institutional investors who sounded out Hampton have been helped by a
relaxation of corporate governance rules, which had effectively banned
individuals from holding more than one FTSE chairmanship in the past.

Hampton’s reputation is built around his finance director days when he worked
for four FTSE 100 companies including, British Steel, BT, British Gas and
private investment bank Lanzard.

Further reading:

Sir
Philip Hampton approached by investors to take helm at RBS

Banks
risk legal claims after launch of price fixing probe

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