Tim Martin's outspoken stance on corporate
governance should give us food for thought
The chairman of JD Wetherspoon, Tim Martin, has never been one
to shy away from voicing his views. He’s perhaps best known
for his outspoken stance on Brexit and has now turned his attention
towards corporate governance.
Martin has become infamous for his lengthy tirades in
Wetherspoon’s stock exchange statements and has used his
latest one to dismiss UK corporate governance rules as “up
the spout” and to criticise two major institutions that own
part of the company he built.
The diatribe dominated a scheduled trading statement to the
stock exchange that runs to more than 3,000 words, of which only 20
referred to the pub company’s recent trading.He also attacked
the investor advisory group Pensions & Investment Research
Consultants (PIRC), which has publicly criticised Martin for
spending £95,000 of company money on pro-Brexit literature
without first seeking approval from
