Bumi to hold extraordinary general meeting The decision by Mr Rothschild to call for the wholesale removal of the board is the latest step in a long-running dispute. On Monday, Mr Rothschild's investment vehicle NR Investments said it had identified a "world-class independent management team" to lead the company. The proposed board would be led by Australian mining executive Wallace King as chairman and Brock Gill, a veteran of the Tanzanian mining industry, as chief executive. The new team would also see Mr Rothschild return to the board six months after stepping down. Major shareholder Schroders backed the proposal, a boost for Mr Rothschild. Mr Rothschild accused the board of failing to act on a report into alleged misappropriation of company assets. He urged shareholders to examine the independence of the current board while deciding whether to vote them off the board. He called for chairman Samin Tan, chief executive Nick von Shimding and senior independent director Sir Julian Horn-Smith to step down. Sir Julian hit back, saying: "Nat Rothschild's time as a director of Bumi was characterised by taking highly confrontational positions that proved counterproductive to addressing the company's issues and we cannot see how reinstating him will be beneficial."