Kuehne + Nagel International AG
Annual General Meeting 2018
- 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 an (against the previous year) increased dividend of CHF 5.75 gross
Schindellegi / CH, May 8, 2018 – At today's Annual General Meeting of Kuehne + Nagel International AG, the shareholders present accounted for 84,23 per cent of the voting shares. All proposals were approved by a large majority.
Shareholders approved the status report, the financial statements and the consolidated financial statements for the 2017 business year and followed the Board of Director’s proposal of a dividend of CHF 5.75 gross per share. Payout is scheduled from May 15, 2018 onwards. Additionally, the Annual General Meeting granted discharge to the Board of Directors and the Management Board for the 2017 business year.
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.
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 2018 was also approved by the Annual General Meeting.
Maintenance of Authorized Share Capital
(Change of Articles of Association)
Shareholders approved the maintenance of the authorized share capital until 8. Mai 2020, including the revision of Article 3.3 (1) of the Articles of Association.
In a consultative vote the shareholders endorsed the 2017 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 2019.
The next Annual General Meeting will be held on May 7, 2019.