INSURANCE AUSTRALIA GROUP'S 2015 AGM
Kym Sheehan
The Executive Remuneration Reporter
All resolutions put to the AGM passed (resolution 2 - the LTI and deferred STI grant for the MD/CEO was withdrawn and not put to the AGM). There was noticeable dissent against the two ASX Listing Rule 7.4 resolutions to ratify the issue of 89,766,607 ordinary shares to National Indemnity Company Inc, an affiliate of Berkshire Hathaway Inc (resolution 8) and the potential issue of up to 121,569,233 ordinary shares pursuant to the exercise of a put option granted to IAG by National Indemnity Company Inc, an affiliate of Berkshire Hathaway Inc (resolution 9). Details in the Daily AGM Note (VIEW LINK)
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With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter.
The Executive Remuneration Reporter analyses and advises on remuneration-related resolutions as well as other meeting resolutions (director elections, constitutional, capital maintenance, auditor appointment/removals) at ASX Listed Companies. Learn more about Our Approach https://subscriber.theexecutiveremunerationreporter.com.au/our-approach
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Kym Sheehan
The Executive Remuneration Reporter
With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
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Kym Sheehan
The Executive Remuneration Reporter
With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
Expertise
No areas of expertise
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