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Sacked Dome boss re-elected to Equitable board

The sacked chief executive of the New Millennium Experience Company, which

runs the Millennium Dome, has been re-elected to Equitable Life&#39s board to

the anger of many policyholders.

Jennie Page, who also holds a non-executive directorship with Railtrack,

was re-elected after the results of a postal vote. This gave her 341,741 in

favour of her staying on the board to 144,718 votes against. The other

directors all gotvotes in favour of more than 400,000.

The outside candidate, Edward Doogan, received 240,498 votes in favour but

246,248 against. He is concerned at the performance of Equitable Life

policies and wants to challenge the board&#39spractice of nominating

non-members as non-executive directors.

Page has come under criticism from policyholders over her track record at

the Dome company.

But Equitable Life investment director Nigel Webb says: “Page has been a

very good director since 1995. Because of the high-profile controversy

surrounding the Dome, she has received more public attention for her

association with the company rather than the positive contributions she has

made to Equitable Life.”

The company is awaiting theoutcome of a court case over the payment of

guaranteed annuities.


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