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Nestlé nominates Lindiwe Majele Sibanda to join its Board of Directors, provides update on Annual General Meeting
Nestlé announced today that it proposes Lindiwe Majele Sibanda, a Professor and the Director and Chairwoman of the
The company has also provided an update on the AGM format and topics.
Board changes
"I would like to thank
In addition to her role at the
With Lindiwe Majele Sibanda, the Nestlé Board will comprise 14 members, of which twelve are independent directors. Nestlé aims to continuously add diverse experience and unique perspectives to its board as well as to enhance its cultural and gender diversity.
2021 Annual General Meeting under COVID-19 rules
The safety of employees and shareholders is Nestlé’s top priority. Therefore, in line with applicable Swiss legislation, the personal participation of shareholders will unfortunately not be possible at this year’s AGM. Shareholders will be able to exercise their voting rights through Nestlé’s independent shareholder representative.
Nestlé to demonstrate its strong commitment to non-financial reporting at the Annual General Meeting
In addition to standard updates on strategy, financial performance and compensation, Nestlé will also give an update on its non-financial performance at the 2021 AGM. Nestlé has always been deeply committed to being transparent about its work on its environmental, social and governance (ESG) priorities and has a strong track record in doing so. The company is aware of growing investor interest in this space and believes that shareholders have a right to know about its progress on topics like reduction of greenhouse gas emissions, responsible sourcing, sustainable packaging and water. Nestlé will continue to engage its shareholders on this journey and welcomes upcoming changes to Swiss legislation, which will set out a framework for shareholder involvement. Nestlé will implement the new legislation in the most sensible way for our shareholders, and in the meantime, the company will continue to advance this important agenda.
To reflect the importance of sustainability in its corporate governance, Nestlé will split the existing
CV of Lindiwe Majele Sibanda (pdf, 200Kb)
Contacts:
Media:
Christoph Meier Tel.: +41 21 924 2200
mediarelations@nestle.com
Investors:
Luca Borlini Tel.: +41 21 924 3509
ir@nestle.com
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