Market Chatter: Aviva Shareholders Said to Raise Concerns Over CEO's Board Role in BP
Two fund management firms with stakes in Aviva (AV.L) reportedly plan to question Chief Executive Officer Amanda Blanc about her time-consuming role as BP's (BP.L) senior independent director in their next meeting.The investors told The Times on Monday that there's a "cautionary tale" about taking nonexecutive positions and that Blanc, who is heading the search for the British oil giant's new chair, may be doing more than she bargained for due to former BP chair Albert Manifold's opposition to his ousting.Aviva did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)