Prudential's top executives are in the firing line at the company's AGM today as they face down shareholders angry over the insurer's failed bid for Asian insurer AIA.
Finance director Nic Nicandrou survived the shareholder vote, with the provisional result showing 97.75% in favour, and 2.2% against promoting him to the board. Elsewhere, here are Investment Week's pick of the best quotes from the heated meeting in London, courtesy of the Guardian. "The future is Asia. It's a shame your institutional shareholders don't have the same breadth of vision." Private shareholder Malcolm Ferguson says he fully supported the takeover, the first investor to come out in support of the board at the meeting. "The strategy is to accelerate growth in ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes