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 639 shareholders, representing 82.9% of the Group’s capital. All items on the agenda were approved, including the compensation of the members of the Board of Directors and the Executive Board, which was accepted by more than 95% of the votes cast. Shareholders also approved the 2018 consolidated financial statements, which show a CHF 350m net profit, and ratified the actions of the Board of Directors and the Executive Board for the 2018 financial year.
They accepted the Board’s proposal to pay an ordinary dividend of CHF 35 per share. BCV will thus return a total of CHF 301m to its shareholders.
Finally, shareholders reappointed Reto Donatsch as a member of BCV’s Board of Directors for a term of one year because in 2020 he will reach the age limit of 70 years set forth in the law governing BCV (LBCV) and in BCV's Articles of Incorporation.