Shareholders drive boardroom shake-up at Stobart However, the appointment of Ms Palmer-Baunack was criticised as being against best practice guidelines for corporate governance. You need someone with outside check and balance at the top of a board for more stable governance. The company has announced a reshuffle that does not meet best practice guidelines," said Sarah Wilson, of shareholder advisory group Manifest. However, a spokesman for Stobart said the move had the support of the company's major shareholders. This has undoubtedly got the support of the top shareholders. Non-executives will still be a majority on the board," he said. Stobart also announced that David Beever, a non-executive director, was stepping down, with another non-executive director to be appointed "in due course." Last week, Stobart stated that the group's operating performance for 2012 would be "slightly below current market expectations," and said the economic environment remained "uncertain."