Protest vote for Quintain non-exec

Shareholders at Quintain yesterday approved a new joint venture with Hong Kong investor Henry Cheng Kar-Shun to develop its Greenwich Peninsula site. The developer saw all its motions almost unanimously approved at its annual general meeting, the only exception being a 17.5 per cent vote against the re-election of its long standing non-executive director Martin Meech, also group property director of Travis Perkins. Chairman William Rucker said: “Martin Meech has served on the board of Quintain for 12 years and solely in respect to his length of tenure is no longer regarded to be independent under certain interpretations of the corporate governance guidelines.” He added that the firm had conducted a review and determined that Meech was “independent in mind and spirit” and supported his re-election.