SOCIETE GENERALE: ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS DATED 23 MAY 2018
24 May 2018 - 4:20AM
Paris, 23 May 2018
ANNUAL GENERAL MEETING AND BOARD
OF DIRECTORS DATED 23 MAY 2018
Annual General Meeting
The combined General Meeting of
shareholders of Societe Generale was held on 23 May 2018 at Paris
Expo - Espace Grande Arche, La Défense, and was chaired by Mr
Lorenzo Bini Smaghi.
Quorum was established at 51.27% :
-
858 shareholders attended the General
Meeting;
-
917 shareholders were represented;
-
6,385 shareholders voted online;
-
2,054 shareholders voted by post;
-
9,053 shareholders, including 7,889 online,
representing 0.64% of the share capital, gave proxy to the
Chairman.
All the resolutions put forward by the Board of
Directors were adopted, in particular:
-
The 2017 annual and consolidated accounts were
approved;
-
The dividend per share was set at EUR 2.20. It
shall be detached on 30 May 2018 and paid from 1 June 2018;
-
The company Ernst & Young et Autres and
the company Deloitte & Associés were renewed as Statutory
auditors for the financial years 2018 to 2023;
-
One director was renewed for 4 years: Mr Lorenzo
Bini Smaghi;
-
Two directors were appointed for 4 years: Mr
Jérôme Contamine and Mrs Diane Côté;
-
The compensation policy for the chief executive
officers ("dirigeants mandataires sociaux")
was approved;
-
The total compensation and the benefits of any
kind paid or awarded for the 2017 financial year to the chief
executive officers ("dirigeants mandataires
sociaux") was approved;
-
A favourable opinion was issued on the
compensation paid in 2017 to regulated persons;
-
The share capital increase authorisations, in
particular the one allowing the issuance of shares in favour of
employees as part of a company or group employee savings plan, as
well as the authorisation to allocate performance shares existing
or to be issued, were renewed for 26 months.
The detailed
result of the votes will be available on the Company's website from
24 May 2018 under the section "Annual General Meeting".
Board of
Directors
After the General Meeting, the
Board of Directors, unanimously, reappointed Mr Lorenzo Bini Smaghi
as Chairman of the Board of Directors.
Following the renewal and the
appointments of Directors, the Board of Directors is composed of 14
members including 2 Directors elected by the employees in March
2018 for 3 years:
-
Mr Lorenzo Bini Smaghi, Chairman;
-
Mr Frédéric Oudéa, Chief Executive Officer and
Director;
-
Mr William Connelly, Director;
-
Mr Jérôme Contamine, Director;
-
Mrs Diane Côté, Director;
-
Mrs Kyra Hazou, Director;
-
Mrs France Houssaye, Director elected by
employees;
-
Mr David Leroux, Director elected by
employees;
-
Mr Jean-Bernard Lévy, Director;
-
Mr Gérard Mestrallet, Director;
-
Mr Juan Maria Nin Genova, Director;
-
Mrs Nathalie Rachou, Director;
-
Mrs Lubomira Rochet, Director and
-
Mrs Alexandra Schaapveld, Director.
42.9% of Board of Directors'
members are women including 5 women appointed by the General
Meeting (41.6%). The rate of independent Directors is higher than
91.6% (11/12) according to the calculation method of the AFEP-MEDEF
corporate governance Code.
The Board of Directors also
decided that the committees will be composed as follows from 24 May
2018:
- Audit and
Internal Control Committee: Mrs Alexandra
Schaapveld (chairwoman), Mr Jérôme Contamine, Mrs Diane Côté
and Mrs Kyra Hazou;
- Risk
Committee: Mrs Nathalie Rachou (chairwoman), Mr William
Connelly, Mrs Kyra Hazou, Mr Juan Maria Nin Genova and Mrs
Alexandra Schaapveld;
- Compensation
Committee: Mr Jean Bernard Lévy (chairman), Mrs France
Houssaye, Mr Gérard Mestrallet and Mr Juan Maria Nin Genova;
- Nomination and
Corporate Governance Committee: Mr Gérard Mestrallet
(chairman), Mr William Connelly, Mr Jean Bernard Lévy and Mrs
Nathalie Rachou.
Note to
editors:
Mr Lorenzo Bini
Smaghi, born on 29 November 1956, of Italian nationality, holds
a degree in Economic Sciences from the Université Catholique de
Louvain (Belgium) and a Ph.D in Economic Sciences from the
University of Chicago. He began his career in 1983 as an Economist
at the Research Department of the Banca d'Italia. In 1994, he was
appointed Head of the Policy Division of the European Monetary
Institute. In October 1998, he became Director-General of
International Financial Relations in Italy's Economy and Finance
Ministry. He was Chairman of SACE from 2001 to 2005. From June 2005
to December 2011, he was a member of the Executive Board of the
European Central Bank. From 2012 to 2016, he was Chairman of the
Board of Directors of SNAM (Italy). He is Chairman of the Board of
Directors of Italgas (Italian listed company) since 2016 and a
Director of Tages Holding (Italian unlisted company) since 2014.
Within Societe Generale, he is an independent Director since 2014
and Chairman of the Board of Directors since 2015.
Mr Jérôme
Contamine, born on 23 November 1957, of French nationality, is
a graduate of the École Polytechnique, the
ENSAE and the École Nationale
d'Administration. After 4 years as auditor at French
Accounting Court, he held various operational positions at Total.
From 2000 to 2009, he was Chief Financial Officer of Veolia
Environnement. He was an independent Director of Valeo (French
listed company) from 2006 to 2017. Since March 2009, he is
Chief Financial Officer of Sanofi. Currently, he does not hold any
other term of office.
Mrs Diane
Côté, born on 28 December 1963, of Canadian nationality, is a
graduate of the University of Ottawa (Canada) and has a financial
and accounting training. From 1992 to 2012, she held important
positions in auditing, risk and finance in various insurance
companies (Prudential, Standard Life, Aviva) in Canada and
Great-Britain. Prior to that, she worked as an auditor in Canada.
Since 2012, she is Chief Risk Officer of the London Stock
Exchange Group (LSEG). She was a Director of English and American
companies. Currently, she does not hold any other term of
office.
Societe Generale is one of the
leading European financial services groups. Based on a diversified
and integrated banking model, the Group combines financial strength
and proven expertise in innovation with a strategy of sustainable
growth, aiming to be the trusted partner for its clients, committed
to the positive transformations of society and the economy.
Active in the real economy for
over 150 years, with a solid position in Europe and connected to
the rest of the world, Societe Generale has over 147,000 members of
staff in 67 countries and supports on a daily basis 31 million
individual clients, businesses and institutional investors around
the world by offering a wide range of advisory services and
tailored financial solutions. The Group is built on three
complementary core businesses:
-
French Retail Banking,
which encompasses the Societe Generale, Credit du Nord and
Boursorama brands. Each offers a full range of financial services
with omnichannel products at the cutting edge of digital
innovation;
-
International Retail Banking,
Insurance and Financial Services to Corporates, with networks
in Africa, Russia, Central and Eastern Europe and specialised
businesses that are leaders in their markets;
-
Global Banking and Investor
Solutions, which offers recognised expertise, key international
locations and integrated solutions.
Societe Generale is included in
the principal socially responsible investment indices: DJSI (World
and Europe), FTSE4Good (Global and Europe), Euronext Vigeo
(World, Europe and Eurozone), four of the STOXX ESG
Leaders indices, and the MSCI Low Carbon Leaders Index.
For more
information, you can follow us on twitter @societegenerale or visit our website
www.societegenerale.com
Societe Generale: PR Post Annual
General Meeting 2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Société Générale via Globenewswire
Societe Generale (EU:GLE)
Historical Stock Chart
From Apr 2024 to May 2024
Societe Generale (EU:GLE)
Historical Stock Chart
From May 2023 to May 2024