Kuehne + Nagel International AG
Annual General Meeting 2017
- All proposals of the Board of Directors approved
- Dr. Joerg Wolle as Chairman and all Board Members re-elected for another one-year term
- Shareholders authorised the increase of the gross dividend to CHF 5.50 gross
At today's Annual General Meeting of Kuehne + Nagel International AG, the shareholders present accounted for 83.66 per cent of the voting shares. All proposals were approved by a large majority.
Shareholders approved the situation report, the financial statements and the consolidated financial statements for the 2016 business year and followed the Board of Director’s proposal of a dividend of CHF 5.50 gross per share. Payout is scheduled from May 15, 2017 onwards. Additionally, the Annual General Meeting granted discharge to the Board of Directors and the Management Board for the 2016 business year.
Elections
Board of Directors
All members of the Board of Directors – namely Dr. Renato Fassbind, Juergen Fitschen, Karl Gernandt, Klaus-Michael Kuehne, Hans Lerch, Dr. Thomas Staehelin, Ms. Hauke Stars, Dr. Martin Wittig and Dr. Joerg Wolle were re-elected individually for one-year terms until completion of the next Annual General Meeting.
Chairman of the Board of Directors
With an overwhelming majority of votes Dr. Joerg Wolle was re-elected as Chairman of the Board of Directors for the above mentioned term.
Compensation Committee
Shareholders followed the Board of Directors’ recommendation to re-elect Karl Gernandt, Klaus-Michael Kuehne and Hans Lerch to the Compensation Committee for another one-year term until completion of the next Annual General Meeting.
Independent Proxy / Statutory Auditor
Kurt Gubler, Investarit AG, Zurich, was confirmed as independent proxy; the mandate of Ernst & Young AG as Statutory Auditor for the year 2017 was also approved by the Annual General Meeting.
Remuneration Report
In a consultative vote the shareholders endorsed the 2016 Remuneration Report.
Votes on Remuneration
The total maximum amount of remuneration for the members of the Board of Directors was prospectively approved according to the legal requirements, covering the period until the end of the next Annual General Meeting. In a separate vote, shareholders confirmed the total maximum amount of remuneration for the Management Board, covering the business year 2018.
The next Annual General Meeting will be held on May 8, 2018.
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