VISTRY has tried to placate shareholders after scrutiny over the multiple roles its boss Greg Fitzgerald holds at the housebuilder and competing companies.

Fitzgerald has served as executive chairman since May, for which he receives a salary of around £2.5m, according to The Times.

In a statement yesterday, Vistry said Fitzgerald's role "was a departure from the UK gorporate governance code" and is aware of the "concerns from some shareholders".

"The board has actively engaged with shareholders both before and after the AGM in respect of a range of corporate governance matters and has a detailed understanding of shareholder views," Vistry added.

"The potential conflicts of interest and inadequate disclosures by Vistry undermine shareholder trust and call for immediate scrutiny and transparency. Investors deserve clarity on whether decisions are driven by strategy or self-interest," Sarah Wilson, boss of Minerva Analytics told The Times.

Shares plunged yesterday to close down 5.58 per cent.

(c) 2024 City A.M., source Newspaper