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MMC to elect board directors

Marsh and Mclennan Group has announced today that its board of directors will be elected annually as their existing three-year terms expire.

The firm has decided to eliminate its current three-class structure, subject to shareholder approval.

MMC will include in its 2008 proxy statement a company-proposed charter amendment that would

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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