[INM] Chairman James Osbourne asked him to resign at a board meeting today. This comes after Mr [Paul] Connolly [who represents Denis O’Brien’s interests on the board] yesterday began a legal action against the company over a €1.9m compensation package paid to outgoing chief executive Gavin O’Reilly.
RTE has learned that directors agreed at a heated board meeting to recommend that shareholders oust Mr Connolly from the board at its AGM in June.
INM director, Paul Connolly, Refuses To Stand Down (RTE)
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