All resolutions approved at BCV’s annual meeting
BCV's Annual Shareholders’ Meeting was held today at the Palais de Beaulieu in Lausanne, Switzerland. The meeting was attended by 893 shareholders, representing 81.3% of the Group’s capital. All items on the agenda were adopted, and the 2013 consolidated financial statements, which show a CHF 280m net profit, were approved.
Shareholders ratified the actions of the Board of Directors and the Executive Board for the 2013 financial year and elected Ingrid Deltenre, Director General of the European Broadcasting Union (EBU), to replace Beth Krasna on the Board of Directors. They also approved the proposed amendments to the Articles of Association.
Finally, shareholders accepted the Board’s proposal to pay an ordinary dividend of CHF 22 per share and make a special distribution of CHF 10 per share out of paid-in reserves. BCV will thus return a total of CHF 275m to its shareholders.In addition, shareholders renewed the term of office of the Bank's auditor, PricewaterhouseCoopers, for the 2014 financial year.