Bumi's boardroom battles take another twist

Under-pressure coal miner Bumi plc has recommended shareholders vote against resolutions put forward by founder Nathaniel Rothschild to get rid of most of the company's directors, saying that the proposed changes are 'not the way forward'.

Under-pressure coal miner Bumi plc has recommended shareholders vote against resolutions put forward by founder Nathaniel Rothschild to get rid of most of the company's directors, saying that the proposed changes are 'not the way forward'.

Rothschild, who himself stepped down from the board in October, has proposed replacing 12 of the 14 current directors in the midst of company infighting with Indonesia's Bakrie family, also co-founders. Through his investment vehicle, NR Investments, he owns an 18.2% stake in the FTSE 250 group.

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