||April 19, 2012
|Number of shareholders attending:
|% representing capital
|% representing shares entitled to vote:
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.
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.
Mr Daniel Borel
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)
Key conclusions of 2012 shareholder survey (pdf, 74 Kb)
For any queries regarding the Annual General Meeting please contact:
Share Transfer Office of Nestlé S.A.
P.O. Box 380
Phone: +41 41 785 2020
Fax: +41 41 785 2024