Key facts
- Winkworth has commissioned an independent board review.
- The review will assess board composition and governance.
- High Court proceedings were initiated against chair Simon Agace for breach of confidentiality.
- Simon Agace's wife reportedly tried to oust the board at the company's AGM in May.
- A consent order is in place until the dispute is resolved.
- A hearing planned for October 5th has been adjourned.
London estate agent Winkworth has commissioned an independent review of its board amid an ongoing family dispute. The company initiated High Court proceedings against its current chair and former Chief Executive, Simon Agace, for breach of confidentiality. His wife had reportedly attempted to oust the current board at the company's annual general meeting in May. An agreement was reached for talks last month, and Simon Agace agreed not to initiate any board changes for at least a month. This consent order remains in place until the dispute is resolved or further court order. A hearing planned for October 5th has been adjourned as talks continue. The independent board review will assess the board's composition and governance arrangements, with initial recommendations received. The board is considering its composition and the balance of independence among roles, including Non-Executive Chair and Non-Executive Directors, as part of long-term succession planning. Full findings are expected in the coming weeks.