Patsystems Management Stays After Shareholder Vote

SPECIAL REPORT

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LONDON--The shareholders of Patsystems, a London-based independent software vendor, voted decisively to keep CEO David Jones and non-executive director Stewart Douglas-Mann in their jobs and on the board in an extraordinary general meeting (EGM) held on March 26.

The EGM was called after disgruntled shareholders led a campaign to dislodge Jones and Douglas-Mann (TTW, March 4). Former president and shareholder Thomas Theys, a 14 percent shareholder of Patsystems, and William Starbuck, the designer

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