- 871 shareholders attending voted in favor of all motions proposed by the Board of Directors
- Approval of payout from capital contribution reserves of CHF 1.30 per registered share
- Remuneration report approved by shareholders in advisory vote
Representing around 66 percent of the company’s share capital, the 871 shareholders attending the 103rd ordinary Annual General Meeting of Holcim Ltd today approved all motions proposed by the Board of Directors.
The shareholders approved the payout from capital contribution reserves of CHF 1.30 per registered share. The payment will take place on April 17, 2015. The annual report and the annual financial statements of the Group and of Holcim Ltd also received approval from shareholders.
The remuneration report was approved by shareholders in an advisory vote. Shareholders also approved in two separate binding votes the total maximum amount of compensation for the members of the Board covering the period from the 2015 Annual General Meeting to the 2016 Annual General Meeting and the total maximum amount of compensation in respect of 2016 for the members of the Executive Committee.
The shareholders also approved revisions to the articles of incorporation, particularly to comply with the Ordinance against Excessive Compensation in Public Corporations (OaEC). The broad approval by 95.94 percent reflects the trust shareholders place in Holcim’s approach to corporate governance.
In line with the OaEC, each member of the Board of Directors and the members of the Nomination & Compensation Committee proposed by the Board of Directors were re-elected individually by the shareholders for a term of office of one year until the Annual General Meeting 2016. Wolfgang Reitzle was re-elected as the Chairman of the Board of Directors with 98.75 percent of the vote.
The mandate of Ernst & Young Ltd as auditors was confirmed, and Thomas Ris was elected as independent proxy.
Composition of the bodies:
Board of Directors:
Wolfgang Reitzle (Chairman), Beat Hess, Alexander Gut, Adrian Loader, Jürg Oleas, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen, Dieter Spälti, Anne Wade
Nomination & Compensation Committee:
Adrian Loader, Wolfgang Reitzle, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen