MacIntyre apologised in the letter that the attending members of the PFS board did not provide answers to Walker’s questions at the AGM.
He said the PFS understands that some members may prefer alternative arrangements to the articles of association that are currently in place, and it was explained that any changes to those articles would need to be carefully considered.
“We wish to continue the dialogue, to consider what is appropriate in the circumstances,” he added.
“In conclusion, the PFS board is committed to working collaboratively, transparently and with members’ interests to the fore.
“We will keep you, and all our members, updated on developments and will in future address any concerns promptly and transparently.”
sonia.rach@ft.com
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