Plum 職業 for Invensys bean-反対する

By PATRICK TOOHER
Updated: 00:00 BST, 29 June 2003

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THE former 財政／金融 director of stricken engineer Invensys is to 議長，司会を務める its 年金 基金 on a salary of £50,000.

Kathleen O'Donovan's new 役割 surprised 産業 観察者／傍聴者s because she has only just retired from the Invensys board.

They say the 任命, made by the company and 明らかにする／漏らすd in its 最新の 年次の 報告（する）／憶測, raises questions about 46-year-old O'Donovan's independence.

'It just doesn't pass the smell 実験（する）,' said one 主要な 年金s 顧問. 'Given her company 関係s, is she the 権利 person to 代表する all the members?'

宙返り／暴落するing 株式市場s have blown a £1bn 穴を開ける in the Invensys 年金 基金. The 病んでいる company's 株式市場 value has 崩壊（する）d from more than £12bn to just £730m after a 一連の 悲惨な 取引，協定s while O'Donovan was 財政／金融 director.

O'Donovan left Invensys six months ago without a 支払う／賃金-off. The 最新の accounts say that she was 許すd to 演習 her 株 選択s - most 認めるd only last year but now worthless - 'in 承認 of her service'.

分析家s said that O'Donovan, a trustee of the Invensys 年金 基金 for 11 years, would be 収入 more in her new 職業 than Rolf Borjesson, the 上級の 独立した・無所属 非，不，無-(n)役員／(a)執行力のある director on the main Invensys board. 'This looks like a sop,' said one.

But the company defended her 任命. 'There's no question that Kathleen would be anything いっそう少なく than a very responsible 議長，司会を務める and would take into account all stakeholders,' said a 広報担当者. 'Nothing exceptional has been done for her.'