Zurich shareholders re-elect all members of the Board and approve dividend
- All members of the Board of Directors re-elected and Michel M. Liès confirmed as Chairman at today’s Annual General Meeting
- Dividend of CHF 20 per share and all other agenda items approved
Shareholders of Zurich Insurance Group Ltd (Zurich) approved all items on the agenda at today’s Annual General Meeting (AGM), including the re-election of all members of the Board of Directors. Michel M. Liès was confirmed as Chairman of the Board.
The event took place without the presence of the shareholders, following government restrictions on gatherings designed to curb the spread of Covid-19 and in compliance with the Covid-19 Ordinance 2 of the Swiss Federal Council. Shareholders were able to exercise their voting rights by providing instructions to the independent voting rights representative electronically or in writing. Votes were cast by 32,632 shareholders, representing 69,912,524 registered shares or 65.57% of the shares entitled to vote.
Following the approval of shareholders, the dividend of CHF 20 per share will be paid out as from April 7, 2020.
“We thank our shareholders for their trust and for their understanding for the unusual format of this year’s Annual General Meeting,” said Zurich Chairman Michel M. Liès. “Following three successful years of our customer-focused strategy, we entered the current public health emergency in a position of strength. Our teams around the world have successfully switched to working remotely, serving customers in flexible and innovative ways.”
In a non-binding advisory vote, 86.39% of shareholders represented at the AGM approved the remuneration report 2019.
The Management Report, Annual Financial Statements and Consolidated Financial Statements detailing Zurich’s performance in 2019, and all other items on the agenda, were also approved.
The Board of Directors and the Remuneration Committee remain unchanged and consist of the following members:
Board of Directors (all CVs to be found here)
- Michel M. Liès, Chairman
- Joan Amble
- Catherine P. Bessant
- Dame Alison Carnwath
- Christoph Franz
- Michael Halbherr
- Jeffrey L. Hayman
- Monica Mächler
- Kishore Mahbubani
- Jasmin Staiblin
- Barry Stowe
Remuneration Committee
- Christoph Franz
- Catherine P. Bessant
- Michel M. Liès
- Kishore Mahbubani
- Jasmin Staiblin
The Vice-Chairman of the Board of Directors, the Chairman of the Remuneration Committee and the members of the other committees will be elected at the constituent meeting, which will take place tomorrow, April 2, 2020.
Further information
More information about Zurich’s Corporate Governance structure can be found here. Detailed voting results will be published on www.zurich.com.
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Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.