Investors urged to oust Pru chief exec Thiam

PIRC, a corporate governance voting adviser, wants investors to use their votes at the firm's annual general meeting to oust Thiam. It highlighted Prudential's recent £30m regulatory fine from the Financial Services Authority (FSA) over two breaches relating to the failed acquisition of AIA from competitor AIG as a source of concern. Prudential's fine, which was issued after the publication of the firm's annual report, included £14m for not informing FSA's UK Listing Authority of the proposed takeover early enough. An additional £16m penalty was issued for not informing FSA Supervi...