BCV's Annual Shareholders' Meeting was held today at the Palais de Beaulieu in Lausanne, Switzerland. The meeting was attended by 786 shareholders, representing 80.71% 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 90% of the votes cast.
Shareholders also approved the 2015 consolidated financial statements, which show a CHF 336m net profit, and ratified the actions of the Board of Directors and the Executive Board for the 2015 financial year. They accepted the Board's proposal to pay an ordinary dividend of CHF 23 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 284m to its shareholders.
In addition, shareholders appointed a new auditor, KPMG SA in Geneva, for the 2016 financial year.
Finally, the Board’s motion to appoint Jack Clemons for a four-year term of office, in accordance with BCV’s Articles of Incorporation, was also approved.
Lausanne, 21 april 2016
Christian Jacot-Descombes, Press Officer
Tél.: +41 79 816 99 30
Gregory Duong, Investor Relations Officer
Tél.: +41 21 212 20 71