Given their long history in business together, it is no surprise that O’Brien wants Buckley back at INM. Desmond has also previously expressed support for Buckley, who has a strong track record in business and is an experienced and skilful executive.
However, many shareholders might question, with some justification, why they should once again have to vote on Buckley’s election as a director of the company. After all, it’s only 13 months since they last cast their verdict on his membership of the board.
There is even a suggestion that Buckley might be chosen as INM’s new chairman, although accountant Jerome Kennedy is also linked with that role.
It would be some comeback.
With O’Brien having increased his INM holding to 29.9 per cent, Buckley’s re-election looks a certainty.