Annual General Meeting 2011
Zurich, March 31, 2011 – The Ordinary General Meeting of Zurich Financial Services Ltd (Zurich) approved a dividend of CHF 17.00 per registered share, resulting in a payout ratio of 70%. This represents a 6% increase over last year’s gross dividend of CHF 16.00. As this year’s dividend payment is paid from the capital contribution reserve, it will be exempt from Swiss withholding tax. The dividend will be paid from April 7, 2011 on.
The General Meeting also reelected Mr. Manfred Gentz for another one year term and Messrs Fred Kindle and Tom de Swaan for another three-year term each as members of the Board. In its constituent meeting held after the General Meeting the Board of Directors confirmed Mr. Manfred Gentz as Chairman and Mr. Josef Ackermann as Vice-Chairman.
Furthermore, Zurich conducted an advisory vote on its remuneration system. In the non-binding vote, shareholders voted in favor of the remuneration system with 94.6 % favorable votes. In addition the Annual General Meeting also approved all other agenda items. 1,865 shareholders (incl. proxies), representing 48,457,019 registered shares or 53.4% of the shares entitling to vote, attended the meeting in Zurich.
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