And make no mistake: the power resided firmly and unequivocally with those representatives chosen by their peers. That self-interest was left (almost) completely at the boardroom door is a credit to the integrity of those involved.
But times move on, and a changing structure, changing governance, changing regulatory requirements – well, a changing world, in fact – have brought us to a different place. No longer the exclusive property of the members, the twin inputs of financial regulation and external share ownership have shifted the LME to a very different place.
The ceo is...
