In an open letter to the business secretary Kemi Badenoch, Archie Norman (the Chairman of Marks & Spencer Plc) has claimed that UK listed companies are losing sight of retail investors. He and the co-authors of his letter, each of whom represent significant market lobbies, have argued that the rules governing the ways that UK listed companies communicate with shareholders and the restrictions on holding virtual shareholder meetings are out date, unfit for the digital age and are actively dis-engaging non institutional shareholders from the companies they are invested in.