Common Music Group, which is listed on Euronext Amsterdam, introduced the outcomes of its 2024 Annual Shareholders Assembly held earlier immediately (Could 16) within the Netherlands.
Among the many resolutions handed by a majority vote on the annual basic assembly of shareholders was an “energetic advisory vote” on the corporate’s 2023 remuneration report.
As set out in Common Music Group’s annual report, the corporate’s 2023 Compensation Report units out the compensation supplied to the corporate’s government and non-executive administrators throughout 2023.
Sir Lucian Grainge is an government director of UMG (a place he holds along with being chairman and chief government of the corporate), that means Grainge’s 2023 remuneration was accredited by traders at UMG’s annual basic assembly immediately.
UMG’s different government director is Deputy CEO Vincent Vallejo, whose proposal to be re-appointed as government director for a one-year time period can be on the agenda of immediately’s annual basic assembly.
Following the outcomes of UMG’s annual basic assembly of shareholders, Vallejo was formally reappointed as government director for a one-year time period.
Sir Lucian Grainge has been re-appointed as Govt Director of UMG (a place he holds along with his function as Chairman and Chief Govt Officer) five-year time period (As of Could 1, 2028) Final 12 months’s annual basic assembly of shareholders.
The agenda for the 2024 AGM additionally consists of proposed appointments Eric Splunk and Mandy Ginsburg Serves as the brand new impartial non-executive director for a time period of two years. Sprunk and Ginsberg have been each appointed as new non-executive administrators immediately.
Splunk Most lately, he served as Chief Working Officer of Nike from 2013 to 2020. In 2008, he served as government vp and basic supervisor of world footwear.
UMG stated that as working officer, “he drove the corporate’s digital transformation to shoppers and oversaw its sturdy and progressive international provide chain.” He additionally presently serves on the boards of Normal Mills, Bombardier and Nordstrom.
Mandy Ginsberg was additionally elected as a non-executive director immediately, She is an working companion at non-public fairness agency Creation Worldwide and beforehand served as CEO of Match Group from 2016 to 2020, the place she led a portfolio of digital courting platforms together with Tinder, Match.com, OkCupid and Hinge, totaling Over 45 international courting firms.
She additionally presently serves on the boards of Uber Applied sciences and ThredUp, and beforehand served as a director of Match Group, JC Penney Firm and Care.com.
Additionally on the AGM agenda immediately is a proposal to re-appoint Invoice Ackman, Cathia Lawson-Corridor, Cyrille Bolloré, James Mitchell, Manning Doherty, Margaret Frerejean-Taittinger and Nicole Avant as non-executive administrators for two-year phrases.
Ackman, Lawson-Corridor, Bolloré, Mitchell, Doherty, Frerejean-Taittinger and Avant have been all appointed as non-executive administrators immediately.
Shareholders additionally accredited the “Remuneration Coverage for Non-executive Administrators” and voted to authorize non-executive administrators to concern shares and grant non-executive administrators the proper to subscribe for shares in accordance with the remuneration coverage for non-executive administrators (see the corporate’s annual report for particulars).
The proposal to undertake a ultimate dividend of 0.27 euros per share was additionally accredited.
Along with the interim dividend of €0.24 per share to be paid in October 2023, this brings the entire dividend for the 2023 monetary 12 months to €0.51 per share.international music enterprise
