Shareholders: Pilot Strikes and Cabin Crew

shareholders: The airline's pugnacious chief executive, Michael O'Leary, was backed by 98.5% of investors, according to The Guardian. However, during a year in which cabin crew and pilot strikes grounded hundreds of flights, shareholders made it clear their patience was wearing thin. Nearly 30% of shareholders voted against the re-election of David Bonderman, Ryanair's chairman of 22 years, at its annual meeting in Gormanston, outside Dublin. Aberdeen Standard Investments, which on behalf of its clients manages about 11m Ryanair shares, equivalent to 0.9% of the company, said it would be the last time it backed Bonderman and the senior independent director, Kyran McLaughlin. Strong, independent and visible board leadership is more important than ever, Alison Kennedy, an investment director at Aberdeen, said. Given the challenges the company faces, for example in union and labour relations, it is clear that governance needs to evolve. (news.financializer.com). As reported in the news.