► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs

Alliance Trust has agreed a compromise with activist hedge-fund investor Elliott Advisors that adds two independent directors to its board. Lex's Robert Armstrong and Alan Livsey discuss whether this can improve Alliance's performance enough to justify its existence.

► FT World News: http://bit.ly/1Exp0iJ

► FT Business: http://bit.ly/1KUK08s

► Will ECB launch full QE?: http://bit.ly/1d3U0Au

For more video content from the Financial Times, visit http://www.FT.com/video

Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes