https://techmonitor.ai/leadership/digital-transformation/abcam-erp-overspend-egm

The founder of UK life science supplier Abcam is calling for an EGM and changes to the company's board after the implementation of an ERP software system ran $130m over budget. Jonathan Milner says this is indicative of the company's board having "lost focus on governance, execution, and cost control".

Milner holds 6.3% of the company's shares, and this week wrote an open letter to other stockholders calling for an EGM where he would propose to step in as the company's executive chairman to "help restore Abcam’s financial and operational performance and create shareholder value by giving the company more effective board-level leadership."