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AkzoNobel Shareholders Approve All Resolutions at Annual General Meeting

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

AkzoNobel shareholders voted in favor of all resolutions at the company’s Annual General Meeting (AGM), including a final dividend of €1.49 per share.

Given the restrictions in place due to the outbreak of COVID-19, the company held a virtual AGM.

All shareholders were able to attend and vote virtually and submit questions in advance.

“It’s clear that COVID-19 is having a huge impact on AkzoNobel and the world in general,” Supervisory Board Chairman Nils Smedegaard Andersen said. “The company is taking all necessary measures to keep its people safe and healthy while continuing to serve its customers and ensuring business continuity.

“As recently announced, significant market disruption forced the company to pause key parts of its transformation and suspend its 2020 financial ambition. Everyone at AkzoNobel looks to resuming the positive momentum and driving the company towards the forefront of the paints and coatings industry, once markets normalize.”

During the meeting, Pamela Kirby was re-appointed as a member of AkzoNobel’s Supervisory Board for a second four-year term.

Ben Verwaayen, who served eight years as a member of the Supervisory Board, stepped down and will not be replaced, reducing the number of Supervisory Board members to eight.

“We would like to thank Ben for his valuable contribution and active role during his time as a member of the Supervisory Board and wish him all the best for the future,” Andersen said. 

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