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(From Financial Director)
British Land was an easy target for the media when Derek Higgs published his report on the role of non-executive directors. Higgs sits on the board at the company where the chairman and CEO are one and the same man, property colossus John Ritblat. So the recent announcement that the company is going to split the top job by the 2004 AGM earns top marks.
Well, up to a point.
Section A.3.7 of Higgs' proposed code of best practice says that, unless the company concerned is ...