Baar-Zug, 2 May 2013
The annual general meeting of shareholders was held today in Baar-Zug, at which the shareholders approved all proposals of the board of directors almost unanimously.
1. Approval annual report 2012
The shareholders approved the annual report 2012, the consolidated financial statements and the statutory financial statements.
2. Use and allocation of earnings
The shareholders approved the payment of a dividend of CHF 6.25 per share on 10 May 2013. The shares will be traded ex dividend as of 6 May 2013.
3. Management compensation report
The shareholders elected to vote on the compensation report in aggregate and approved the compensation paid to the members of the board of directors and the executive board for the financial year 2012 in an advisory vote.
4. Discharge of the board of directors and the executive board
The shareholders granted discharge to the members of the board of directors and the executive board for their activities during the financial year 2012.
5. Elections to the board of directors
Alfred Gantner and Dr. Peter Wuffli were re-elected to the board of directors for further terms of three years each. Charles Dallara and Patrick Ward were elected to the board of directors for terms of one year each. Furthermore, Steffen Meister was elected to the board of directors for a term of three years.
The board of directors will constitute itself in its next meeting. It is proposed that the re-elected and newly elected board members will be members of the following board committees: Alfred Gantner will continue to chair the board of directors and will lead the newly formed strategy committee while also remaining a member of the nomination & compensation as well as the risk & audit committees. Dr. Peter Wuffli will continue to chair the risk & audit committee. Charles Dallara, Chairman of the Americas, and Patrick Ward, Chairman of the UK and Middle East, will both join the newly formed markets committee. Steffen Meister will become a member of the nomination & compensation, the strategy and the markets committees and will chair the business development committee. In line with global best practices in corporate governance, the board of directors has decided that Steffen Meister will not join the risk & audit committee for the time being.
6. Election of the group and statutory auditors
The shareholders confirmed KPMG AG as group and statutory auditors for a further term of one year.