Rangers governance criticised

The governance arrangements at Rangers have been criticised in the Financial Times.  The Pink ‘Un notes that since floating on Aim in December at 70p a share, apart from losing a quarter of its value, it has lost its chief executive and as of last week its chairman and Phil Cartmell, one of the non-executive directors on the board of six.

FT columnist Kate Burgess notes, ‘A perusal of Companies House entries suggests that just one of Rangers’ non-executives has significant experience as a main board director of a UK listed company.’

The governance arrangements at Rangers have been criticised in the Financial Times.  The Pink ‘Un notes that since floating on Aim in December at 70p a share, apart from losing a quarter of its value, it has lost its chief executive and as of last week its chairman and Phil Cartmell, one of the non-executive directors on the board of six.

FT columnist Kate Burgess notes, ‘A perusal of Companies House entries suggests that just one of Rangers’ non-executives has significant experience as a main board director of a UK listed company.’