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21 Aug 2008
The finance director and chief executive of financial services company Prestbury holdings have clung onto their jobs after shareholders decided not to oust the pair.
Shareholders of the EGM had a 59% majority to keep FD Lynne Birkett and chief exec Lee Birkett on at the Aim listed company.
The pair were given the all clear after the shareholders had called for an EGM in late July. They were to consider the pair's removal, citing lost confidence in corporate governance standards.
Shareholders added that the company had suffered too many conflicts of interest with certain member of the executive team.
41% voted to oust the pair with chairman Francis Maude and non-executive director David Anderson, proposing that the board be restructured so that directors do not have a majority.
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