Argo says Bobman nomination would lead to ‘degradation’ of board quality
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Argo says Bobman nomination would lead to ‘degradation’ of board quality

Argo group logo boardroom.jpg

Argo has said adding Ron Bobman and his other nominee David Michelson to its board would lead to a “degradation in the quality of board dialogue”, with neither bringing “any incremental skills” to the management team.

In a scathing response to the activist investor’s attempts to join the board of the firm, Argo announced that it had interviewed both nominees and concluded that their addition would result in a “loss of superior talent and experience”.

Bobman,...

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