Review is needed

THE stock exchange's decision to review its voting procedures is to be welcomed, though any conclusions it decides to implement will be tainted with accusations of self-interest and protectionism.

Even if the exchange conducts a fair and independent investigation, there is enough bitterness within the broking community to ensure suspicion about the results continues.

To put the whole debacle behind it, the exchange must commission an independent expert to assess its election needs and propose a new system.

Some brokers have suggested they be kept in the three constituencies based on turnover, but be restricted to voting for candidates in their own constituency.