Kerry Group breaches corporate governance code.

Kerry Group is found to have breached a corporate governance code according to Manifest, a U.K. based proxy voting agency. The code sets down principles of good governance and codes of practice in the corporate sector. Only three of Kerry groups 14 non executive directors are considered independent.The Chairman Denis Buckley is not considered to be independent because of his length of tenure on the board according to the share watchdog. Manifest also points out that Kerry Group`s 5 member remuneration committee is not entirely independent either as is recommended by the code.

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