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Peter Hambro has been ousted as chairman of gold miner Petropavlovsk (POG) 23 years after co-founding the company.
Nearly 70% of the votes at last week’s annual general meeting were against the re-election of Hambro.
The business has regularly been criticised for having poor standards of corporate governance.
We’ve viewed the stock as a poor investment for some time due to the governance reasons, together with concerns about high levels of debt and peculiar acquisition activity.
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