<div id="readability-page-1"><div><p><span>U.S. investor Steven Wood accused Swatch Group </span><span> of &#34;worst-in-class governance&#34;, proposing changes to the Swiss watchmaker's board and governance reforms, the Financial Times reported on Saturday.</span></p><p><span>Wood, the founder of GreenWood Investors, which says it holds about 0.5% of Swatch's share capital, has ditched plans to gain a board seat and is pushing the board to adopt a package of reforms, the newspaper said.</span></p><p><span>&#34;I no longer think of the primary goal as going on the board and having a constructive relationship,&#34; Wood told the FT. &#34;These are new moves to force them to evolve their worst-in-class governance.&#34;</span></p></div></div>

SWGAY

<p>U.S. investor Steven Wood criticized Swatch Group for poor governance and proposed board changes and governance reforms. Wood, founder of GreenWood Investors, holds 0.5% of Swatch's shares and has abandoned plans for a board seat, instead urging the board to adopt reforms to improve governance.</p>

US investor Wood lambastes Swatch, proposes overhaul to company's board, FT reports