On March 22, 2018, Givaudan held its 2018 annual meeting, where they discussed 2017 financials and approved dividends.
The meeting was attended by 371 shareholders or proxies, representing 41.7% of total shares. All proposals by the board of directors were approved.
With 98.62% of votes the 2017 annual report, annual financial statements and the consolidated financial statement were approved. The company’s consultative basis compensation report was approved with 90.03% of votes.
A distribution of CHF 58.00 per share to holders was also approved; this is the seventeenth consecutive dividend increase following Givaudan’s listing at the Swiss stock exchange in 2000.
Related: Givaudan Group Announces 2017 Financials
Members of the board were discharged with 97.05% of votes. All current members were re-elected, each for a term of one year until the 2019 annual meeting, in accordance with the legal requirements and Givaudan’s Articles of Incorporation.
The board of directors includes:
- Victor Balli
- Ing Werner Bauer
- Lilian Biner
- Michael Carlos
- Ingrid Deltenre
- Calvin Grieder
- Thomas Rufer
Balli and Deltenre were re-elected to the compensation committee for a term of one year. Additionally, Manuel Isler was re-elected as independent shareholder representative until 2019, and Deloitte SA was re-elected as auditors for the financial year of 2018, with Karine Szegedi Pingoud serving as lead auditor, partner.
Other approved items include:
- Maximum aggregate amount of compensation of the Board of Directors of CHF 2,950,000 for the term until the 2019 annual general meeting (97.04% of the votes).
- Aggregate amount of short-term variable compensation of the executive committee for the fiscal year 2017 of CHF 3,490,698 by 97.07% of the votes.
- Maximum aggregate amount of fixed and long-term variable compensation of the executive committee for the fiscal year 2018 of CHF 17,000,000, by 91.77% of the votes.
