THE revolt against Renishaw’s board last week was hardly a high point in the company’s history.

The engineering firm sought to reassure investors that the backlash against founders Sir David McMurtry and John Deer at its annual general meeting was under control.

Sir David, who is chairman, saw almost 30 per cent of shareholders vote against his reappointment as a director. Deer, his deputy, faced a similar revolt – with slightly more than a quarter rejecting him.

The pair founded the firm in 1973. It now employs more than 5,000 people in 36 countries. While both votes passed, Renishaw insisted it will continue to ‘engage with shareholders’ to understand their concerns.

Let’s hope so . . .