2015

Date: April 16, 2015
Place: Lausanne
Number of shareholders attending: 2,446
% representing capital: 52.7%
% representing shares entitled to vote: 73.5%

Notes

The annual report and the accounts were approved and the shareholders agreed to the discharge of the Board of Directors and the Management. The shareholders further approved the proposed dividend of CHF 2.20 per share.

All proposals of the Board of Directors were approved with strong majorities.

In line with legal requirements for listed Swiss companies, the shareholders elected each member of the Board of Directors individually, for a term of office until the end of the next Annual General Meeting. Titia de Lange and Rolf Hänggi were not standing for re-election. The Board thanked them for their highly appreciated services provided to Nestlé. Shareholders elected Ruth Khasaya Oniang’o, Patrick Aebischer and Renato Fassbind as new members of the Board of Directors.

The shareholders elected Peter Brabeck-Letmathe as Chairman of the Board of Directors and elected each member of the Compensation Committee individually.

In line with the new Swiss corporate law, the shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board in binding votes. They also accepted the Nestlé Compensation Report 2014 in a separate advisory vote. Furthermore, the shareholders approved the cancellation of 36'400'000 shares repurchased under Nestlé’s ongoing share buy-back programme, and the reduction of the share capital to CHF 318'840'000.

In his address to the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted the legal insecurity resulting from various Swiss political decisions. In particular, he mentioned the new Swiss company law proposal which includes yet again a new compensation regulation, a quota of women for executive boards and a special procedural law for the economy. He concluded: “Given the challenges that the country is currently facing, it is all the more unsettling that this is all happening in an area in which Switzerland is doing rather well. It is high time it was ensured that all new legislation is in fact necessary, meaning there should be checks as to whether there is an urgent need for regulation and that it is proportionate, or in other words: whether it stands up to a detailed cost-benefit analysis. […] What we need is a political and legal environment in Switzerland that guarantees our company a stable framework. In the past, this was always one of the major assets of this country and we should do everything we can to preserve it.”


 


Speeches

Read the Chairman and CEO addresses:

News release

Nestlé Annual General Meeting: Strong support from shareholders for Board proposals - Ruth Khasaya Oniang’o, Patrick Aebischer and Renato Fassbind new members of the Board

Board of Directors

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

Invitations

Report of the Board of Directors

Corporate governance report 2014 (including Compensation Report and Articles of Association)

Voting results


Summary minutes of the AGM:

Contact

For any queries regarding the Annual General Meeting please contact:


Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: shareregister@nestle.com