The main proposed resolutions submitted to the vote of the shareholders are as follows:
- decrease of the number of Directors, from 13 to 9,whilst increasing the proportion of independent Directors;
- reduction of the Directors' mandate duration from 6 to 4 years, as recommended by the Afep-Medef corporate governance code and by the almost unanimity of the other corporate governance guidance; in order to preserve the staggered renewal of the Directors, some mandates will exceptionally be proposed for a 2-year term.
Therefore, it will be proposed to simultaneously end the mandates of the current 13 Directors and to appoint 9 Directors as follows:
- 3 independent Directors, namely Ms Diaa ELYAACOUBI, Mr Xavier MORENO and Mr Elie VANNIER ;
- The appointment of a fourth independent Director will be proposed to the shareholders' meeting , as Mr Guillaume CERUTTI is not asking for the renewal of his mandate due his other activities for Sotheby's Europe;
- 3 Directors, proposed by Morpho, first shareholder of the Group : Mr Jean-Pierre COJAN, Mr Jean-Paul JAINSKY, Ms Celeste THOMASSON ;
- 1 Director member of the founding family: Mr Thibault POUTREL ;
- Finally, the renewal of the mandate of Monsieur Philippe LAZARE, CEO, will also be proposed.
distributed by | This press release was issued by Ingenico SA and was initially posted at http://www.ingenico.com/en/finance/publications_releases/press_releases/the-board-of-directors-will- propose-to-the-next-ag_h02kxukq.html?s=VZXQaBeA1IwIl7mMHR . It was distributed, unedited and unaltered, by noodls on 2012-03-21 18:15:16 PM. The issuer is solely responsible for the accuracy of the information contained therein. |