Over 20% of votes in favour
More than 20% of votes against
Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.
Shares in Resolution and peers tumbled today following reports the FCA is to probe 30 million legacy insurance policies.
Resolution founder Clive Cowdery and CEO John Tiner are to stand down as non-executive directors following the firm's annual general meeting in May.
Resolution is in talks over a possible sale of its European private and corporate client wealth planning division, Lombard.
Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.
Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.