Institutions demand CEO reignation, page-6

The Chairman is the quicker exit.

The CEO might have to be negotiated. Primary contract terms:
* 3 months notice. Immediate if for certain conduct /behaviour. can be paid out in lieu of notice.
* Remains subject to the terms /restrictions of the 2007 Shareholders Agreement.
* Not a redundancy, unless you combine UK and Group CEO together in which case, it might be. Then, it could entail 12 months pay.
* 12 months restraint, but if a direct competitor (quite wide now given the PSD component), then 24 months.