Letter: Peers and pageantry

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The Independent Culture
Sir: What other business would tolerate several hundred executives - most with other jobs on the side - recalling themselves after a two-month summer recess, all squabbling over voting rights and with a chairman arriving in a gold carriage to deliver the business plan - all with only four weeks to go before the next Christmas recess?

As well as removing the voting rights of board members, let's have a shareholders' EGM to call for performance indicators, a downsizing of the workforce, and a review of the plans to open subsidiary branches in Wales and Scotland.