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Rail News: Issue 362 15 May 2009

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Unease among National Express shareholders over Cosmen’s role

James Dark

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...

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