Mattioli Woods board members resign in 'rebalancing'

In a stock exchange announcement, the group said chief operating officer Mark Smith and employee benefits managing director Alan Fergusson had resigned from the board with immediate effect in a streamlining move "in order to underpin its governance and control standards". This follows internal and external reviews of the effectiveness of the company's board, its sub-committees and the group's senior executive management framework, the statement added. The board will now consist of six members, reduced from eight, comprised of Joanne Lake, independent non-executive chairman; Ian Mattio...