Prudential chairman survives protest vote

Prudential's chairman Harvey McGrath has insisted he will continue in his role despite a mini revolt at the company's AGM yesterday.

A protest vote saw 21.98% of investors vote against his reappointment amid continuing anger over his role in the firm's failed $35.5bn deal for rival AIA. Institutional shareholder Fidelity was among the high profile backers of the protest vote, the Telegraph reports. McGrath said: "The chairman becomes the lightning rod for shareholder issues at large and that's what's reflected in the voting today. "I don't think there are areas of dispute, it's a question of continuing the level of engagement we've had over the last six to nine months." Meanwhile, chief executive Tidjane Thia...