Sir Ken Morrison, chairman of Wm Morrisons, met with investors yesterday ahead of the retailer’s annual meeting on Thursday.

Two key Morrisons shareholder groups - the Pensions Investment Research Consultants and the Association of British Insurers (ABI) - have been urging shareholders to not re-elect Sir Ken as chairman at the group’s annual meeting.

Sir Ken met with the ABI to reassure the shareholder group that the company was on course to appoint four new non-executive directors to its board.

He was, however, unable to guarantee that the appointments would be secured by the annual meeting on Thursday.

Sir Ken is also thought to have told the meeting that he would not step down from his position until the group has successfully integrated with Safeway.

Last week, the National Association of Pension Funds (NAPF) retracted its calls for Sir Ken Morrison to stand down as Morrisons chairman, following talks between RREV, the corporate governance arm of NAPF and Morrisons.

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