Shareholders at Prestbury EGM decide to keep FD

A financial services company had decided to keep the Birkett duo at the company EGM

Written by Rachael Singh

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.

Advertisement

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.

Further reading:

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

The Top 50 +50 survey 2009

All the news, views and analysis on our 2009 Top...

Elizabeth Rumsey, Virgin Galactic's FD

Profile: Elizabeth Rumsey, Virgin Galactic's FD

While Richard Branson and his Virgin Galactic team chase the...

How To guides

The archive of Accountancy Age's How To guides

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Should chancellor Alistair Darling lose his job for claiming for tax advice?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement

Advertisement