2012

Date: April 19, 2012
Place: Lausanne
Number of shareholders attending: 2689
% representing capital 39.689%
% representing shares entitled to vote: 61.134%

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend of CHF 1.95 per share, and agreed to the capital reduction. All proposals of the Board of Directors were approved with strong majorities.

Shareholders re-elected Mr Daniel Borel to the Board for a further term of three years and elected Mr Henri de Castries as a new member of the Board for a three-year term. Mr de Castries is the Chairman and Chief Executive Officer of the AXA Group. He had a distinguished career in the French Finance Ministry before taking on several important executive roles within the AXA Group. The Board thanked Ms Carolina Müller-Möhl and Mr Jean-René Fourtou, who were not standing for re-election, for their highly appreciated services provided to Nestlé over the past years. 

At the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted Nestlé’s constant strong performance over time: “Our growth drive has not once been interrupted in spite of a very difficult external environment. Over the last years, Nestlé has created CHF 85 billion of additional shareholder value.” He also underlined that Nestlé today is the largest company by sales and market capitalisation in the fast moving consumer goods industry worldwide.


Agenda

Invitation to the Annual General Meeting (pdf, 1 Mb)

Convocation à l'Assemblée générale (pdf, 1 Mb)

Einladung zur Generalversammlung (pdf, 1 Mb)


The speeches of Peter Brabeck-Letmathe, Nestlé Chairman and Paul Bulcke, Nestlé CEO were webcast live.

 


Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

Re-elected:
Mr Daniel Borel

Elected:
Mr Henri de Castries


Summary of voting results

Annual General Meeting 2012 summary voting results (pdf, 78 Kb)

Summary minutes of the AGM

Annual General Meeting 2012 summary minutes (pdf, 320 Kb)

Procès-verbal résumé de l’Assemblée Générale 2012 (pdf, 315 Kb)

Kurzprotokoll der Generalversammlung 2012 (pdf, 317 Kb)

Shareholder survey

Key conclusions of 2012 shareholder survey (pdf, 74 Kb)


Speeches (Transcripts)


Related information


Contact

For any queries regarding the Annual General Meeting please contact:


Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: shareregister@nestle.com