Mirror Group
Ian Maxwell was appointed chairman of Mirror Group Newspapers plc (MGN) following the death of his father on 5 November 1991. For the next month the group was the subject of speculation regarding its financial position. On 3 December 1991, Ian Maxwell and his brother Kevin Maxwell resigned from the board of Maxwell Communication Corporation and nine hours later resigned from MGN, following the disclosure that "many million" of pounds had been transferred from the Mirror Group pension fund to Robert Maxwell's private companies apparently without due authority. MGN announced "Because of increasing conflicts of interest, Ian Maxwell, chairman and publisher of MGN, Kevin Maxwell, and Michael Stoney, who has a major management involvement in the Maxwell private companies, have today resigned from the board of MGN and its subsidiaries and have also ceased their executive duties in the MGN Group."
He has been involved with Maximov publications and MicMacMusic Ltd in recent years.
Read more about this topic: Ian Maxwell
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