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Major WPP investors directed by Glass Lewis advisory group are demanding information surrounding the exit of founder Martin Sorrell last month.
GL took aim at Roberto Quarta, WPP chairman and nomination committee chief, for failing to provide details about the internal probe into Sorrell’s alleged personal misconduct.
In a report to investors, GL also expressed concerns about the transparence and efficacy of the succession process at the ad/PR giant.
“Despite previous assurances, we believe the nomination committee has failed to adequately prepare for the replacement of Sir Martin,” said GL. “Our concerns are heightened by the opaque nature of the investigation of into Sir Martin and his ‘good leaver’ status. Absent further information regarding Sir Martin’s retirement; we believe shareholders are unable to determine the extent to which should be treated as a ‘good leaver.’”
Sorrell’s good leaver status allows him to keep more than $27M in future payouts.
GL is telling WPP shareholders not to back Quarta’s re-election to the board at the June 13 annual general meeting.
Tricia McLaughlin, the combative spokesperson for Department of Homeland Security Secretary Kristi Noem, is leaving her post.
While finding the right solution to a problem is still important, the work that differentiates effective communications leaders is problem-finding—identifying the real risk before it becomes visible, reputational or irreversible.
Orchestra has recruited Deepika Sandhu for the senior VP-legal & crisis communications slot.
Apologies are often seen as a weakness or as proof that a leader has lost control of the narrative. But Donald Trump's failure to apologize after he posted—and then deleted—a video with a racist clip of Barack and Michelle Obama shows how flawed this mindset is.
Tim Allan, communications director for embattled British prime minister Keir Starmer, has quit as the Jeffrey Epstein scandal has engulfed Ten Downing Street.
