Wood, the founder of GreenWood Investors, says it holds about 0.5% of Swatch's share capital.
U.S. investor Steven Wood accused Swatch Group
of “worst-in-class governance”, proposing changes to the Swiss watchmaker’s board and governance reforms, the Financial Times reported on Saturday.
Wood, the founder of GreenWood Investors, which says it holds about 0.5% of Swatch
’s share capital, has ditched plans to gain a board seat and is pushing the board to adopt a package of reforms, the newspaper said.
Swatch and GreenWood did not immediately respond to Reuters requests for comment.
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