Higgs company adopts report recommendations
British Land, one of the companies at which Derek Higgs holds a non-executive directorship, has announced that it is to split the roles of chairman and chief executive.
Link: Higgs special
The move, which will take place no later than the time of the annual general meeting in 2004, puts into place some of the reccomendations of Higgs’ own report to the Department of Trade and Industry on reform of the non executive director’s role.
British Land has said that John Riblat, who is currently chairman and managing director, will continue on as chairman while the search for a chief executive is undertaken by the company’s nomination committee in order to ensure an orderly succession.
The company also announced that Chris Gibson-Smith has been appointed as senior independent non-executive director.