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Givaudan's Annual Meeting Reelects Board Members, OKs Distribution
Posted: March 21, 2013
At Givaudan SA's annual general meeting on March 21, shareholder or proxies approved the company's annual reports, shareholder distribution and reelected board members.
The annual report and annual accounts for 2012 were approved with 99.59% of votes and discharged the members of the board of directors with 97.77% of votes. It was attended by 324 shareholders or proxies, representing 4,208,724 shares (45.58% of a total of 9,233,586 registered shares).
Irina du Bois and Peter Kappeler have been reelected in individual elections, for a term of one and three years respectively, in accordance with the articles of incorporation.
With 94.74% of votes, it also approved on a consultative basis the company’s compensation policy. It approved a distribution to the shareholders of CHF 36.00 per share. The total amount of this distribution will be made out of reserves for additional paid-in capital which Givaudan shows in its balance sheet at the end of 2012.
The annual general meeting also approved the removal of article 3c (contribution in kind and acquisition of assets) from Givaudan SA's articles of incorporation. Deloitte SA was reelected as auditors for the financial year 2013.