Bollore gets four seats on Havas Board

As there are now 18 seats on the Board - a number which is probably too large - it only looks reasonable if the largest shareholder (20%) gets a proportionate number of representatives on the board. But does that mean that other large shareholders should be able to demand the same treatment? Large institutions are often holders of 5-10% stakes in the companies that feature on their buy-lists. This would certainly endanger the concept of the unified board that should act in the interests of the company as a whole.