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O'Brien rep loses INM board seat in vote

Denis O'Brien - Representative has lost his seat
Denis O'Brien - Representative has lost his seat

A representative of Denis O'Brien has lost his Independent News and Media board seat following a vote at the Annual General Meeting.

57% of shareholders voted against Leslie Buckley returning to the board.

Mr Buckley accepted the vote and said he was ‘appalled’.

The development follows a row over corporate governance at INM.

Earlier, a representative of Dermot Desmond attacked the board for 'destruction of shareholder value'.

The representative, John Bateson, said there had been 'a shocking performance'.