Ryanair shareholders maneouvre to block directors

UK shareholder advisory group PIRC, which advises asset managers and institutional shareholders on corporate governance issues, is pushing for Ryanair shareholders to vote against the election of a number of Ryanair directors at its Annual General Meeting next week. PIRC states that there is a major governance issue at the airline and has advised shareholders to oppose the elections of chairman David Bonderman and former chief operating officer Michael Cawley as well as non-executive directors Michael Horgan, Kyran McLaughlin, and senior independent director James Osborne. It also wants shareholders to abstain from the vote to re-elect former Finance Minister Charlie