LYCOS RETRIEVER 
Vincent Bollore: Chairman
built 627 days ago
Under the chairmanship of Vincent Bollore, the Havas Board of Directors approved the 2006 accounts at its meeting of April 5. These accounts are in compliance with IFRS, the standards that have been in force as of December 31, 2006.
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Bollore took control of Havas in a similar manner last year by placing allies on the board before ousting chairman Alain de Pouzilhac. Meanwhile, Sir Martin Sorrell's WPP can now renew its interest in Aegis, having been prevented for the previous six months by Takeover Panel rules. But while Aegis accuse Bollore of dirty tricks, a Paris court last week turned the spotlight on Aegis, denouncing it for sharp practice.
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Reports on the efforts of Alain de Pouzilhac, the chairman and CEO of Havas to rally investor interest and encourage participation in the vote for the nomination of Vincent Bollore to the board of directors of Havas. Background of Bollore; Percentage of the share of Bollore in Havas; Reasons for the efforts of de Pouzilhac to counter the nomination of Bollore. Reading Level (Lexile): 1280;
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Bollore is ... chairman of French rival Havas (EURC.PA: Quote, Profile, Research). He has sought the board seats amid speculation that he could seek an alliance of some sort between Aegis and Havas.
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Bollore, who owns 29% of Aegis via Groupe Bollore, has vowed to continue pushing for his appointments until he succeeds. On the three previous occasions, shareholders voted unanimously in favour of an Aegis management that has aggressively opposed his demands for the rather good reason that Bollore is the chairman and largest shareholder in French rival Havas, implying that allowing his nominations on board would result in a conflict of interest.
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