ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS DATED
Regulated information
Annual General Meeting
The combined General Meeting of shareholders of
Quorum was established at 62.757% (vs. 54.51% in 2019):
- 18,643 shareholders voted online;
- 10,254 shareholders voted by post;
- 9,337 shareholders, including 8,609 online, representing 0.54 % of the share capital, gave proxy to the Chairman;
- 20,055 shareholders were present or represented.
All the resolutions put forward by the Board of Directors were adopted, in particular:
- The 2019 annual and consolidated accounts;
- The renewal of one director for 4 years: Mr
Juan Maria Nin Génova ; - The appointment of a director for 4 year: Mrs
Annette Messemer ; - The compensation policy for the Chairman, Chief Executive Officers and the directors;
- The components composing the total compensation and the benefits of any kind paid or awarded for the 2019 financial year to the Chairman and the Chief Executive Officers;
- The share capital increase authorisations, in particular the one allowing the issuance of shares in favour of employees as part of a company or group employee savings plan, as well as the authorisation to allocate performance shares existing or to be issued, were renewed for 26 months;
- The new rules regarding the crossing of statutory thresholds;
- The modification of the by-laws in connection with the appointment of a director representing the employees shareholders at the board of directors as the
General Assembly 2021; and - The modification of the by-laws in connection with taking into consideration by the Board of directors of the social and environmental stakes of the activity of the Company.
The detailed result of the votes is available this day on the Company's website under the section “Annual General Meeting”.
Board of Directors
Following the General Meeting, the Board of Directors comprising 14 members is composed as follows:
- Mr
Lorenzo Bini Smaghi , Chairman; - Mr
Frédéric Oudéa , Chief Executive Officer and Director; - Mr
William Connelly , Director; - Mr
Jérôme Contamine , Director; - Mrs Diane Côté, Director;
- Mrs
Kyra Hazou , Director; - Mrs
France Houssaye , Director elected by employees; - Mr
David Leroux , Director elected by employees; - Mr Jean-Bernard Lévy, Director;
- Mr
Gérard Mestrallet , Director; - Mr
Juan Maria Nin Genova , Director; - Mrs
Annette Messemer , Director; - Mrs
Lubomira Rochet , Director and - Mrs
Alexandra Schaapveld , Director.
42.9% of Board of Directors’ members are women including 5 women appointed by the General Meeting (41.6%). The rate of independent Directors is higher than 90% (11/12) according to the calculation method of the AFEP-MEDEF corporate governance Code.
The Board of Directors also decided that the committees will be composed as follows from
- Audit and Internal Control Committee: Mrs Alexandra Schaapveld (chairwoman), Mr
Jérôme Contamine , Mrs Diane Côté, MrsKyra Hazou and MrsAnnette Messemer ; - Risk Committee: Mr
William Connelly (chairman), MrsKyra Hazou , MrsAnnette Messemer , MrJuan Maria Nin Génova and MrsAlexandra Schaapveld ; - Compensation Committee: Mr Jean Bernard Lévy (chairman), Mr
Jérôme Contamine , MrsFrance Houssaye , MrGérard Mestrallet and MrJuan Maria Nin Génova ; Nomination and Corporate Governance Committee : MrGérard Mestrallet (chairman), MrWilliam Connelly , Mr Jean Bernard Lévy and MrsLubomira Rochet .
Bios
Mrs
Press contact:
Active in the real economy for over 150 years, with a solid position in
- French Retail Banking which encompasses the
Societe Generale , Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation; - International Retail Banking, Insurance and Financial Services to Corporates, with networks in
Africa ,Russia , Central andEastern Europe and specialised businesses that are leaders in their markets; - Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.
For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com
Attachment
- Annual General meeting and Board of directors dated
19 May 2020
© OMX, source