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AA’s dual roles questioned
Written by Mark Darvill-Evans
Bob Mackenzie, the former executive chairman of the Automobile Association has been dismissed for ‘gross misconduct’, leaving shares in the company 14 per cent lower at one point.
There is no clear picture of the circumstances for the parting of ways, other than references to workload and stress; Mackenzie held the dual roles of chief executive and chairman at the company and it has been suggested that the workload affected the good governance of the organisation.
The company has been in breach of the corporate governance code by giving Mackenzie the combined roles since it floated in 2014. Although the AA has committed itself to changing this situation, it has been questioned why Mackenzie had been forced to hold the roles for as long as he did.
The AA provides breakdown cover and other services such as driver education programmes including speed awareness courses.