Some 23% of shareholders voted last year against the re-election of chairman John B McGuckian, who has been on the board for 35 years
As well as benefiting from the easing of travel restrictions, ICG expanded its Dover-Calais service in 2022 with the introduction of its Isle of Inisheer ferry, its third vessel on the route, which it said had made Irish Ferries “a genuine alternative” for all customers on the Channel route. These two factors more than outweighed the drag on costs posed by higher fuel prices and increased activity.
“The board assessed Mr McGuckian to possess an independent mindset with which he carries out his role. The board also considered the knowledge, skills and experience that he contributes and considered him to be both independent in character and judgment and to be of continued significant benefit to the board,” it said.
Some 23 per cent of shareholders polled at the company’s annual general meeting last year voted against Mr McGuckian’s re-election as chairman – above the 20 per threshold that requires it to engage with shareholders under the code.
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