The Buck Stops Here

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Independent News & Media director Leslie Buckley has been ousted by the company’s board during a turbulent INM AGM today.

Buckley is Denis O’Brien’s long time ally.

The last time a director was removed from a plc in Ireland was in 2001.

In extraordinary scenes at the company’s annual general meeting today, the ousted director Leslie Buckley accused [Gavin] O’Reilly (above) “of actively canvassing company shareholders to vote against my re-election”.

Buckley, who called on O’Reilly and the chairman of INM Brian Hillery to “consider their positions”, was deposed after 208.4m proxy votes were registered against his re-election versus 152.4m in favour.

War of Words Erupts Between INM Chief And Ally Of Denis O’Brien (Lisa O’Carroll, Guardian)

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