NZZ: Lively Annual General Meeting - Conrad Meyer re-elected
The Chairman of the Board of Directors, Conrad Meyer, was re-elected at the Annual General Meeting of the AG für die Neue Zürcher Zeitung. There was also a lively debate last Saturday.
There was a lively debate at the Annual General Meeting of the Neue Zürcher Zeitung AG last Saturday. A group of shareholders, who see the NZZ title primarily as a financial investment, were dissatisfied with the company's performance and opposed the extension of the mandate of Chairman of the Board of Directors Conrad Meyer for a further four-year term. Although the group failed - Meyer received 75 percent of the votes present - it was able to rally around 400 votes or around 10 percent of the total share capital behind it. From the other side, it was said that the NZZ was too critical of the FDP, too left-wing and not open enough to an "SVP stance", according to an article in the NZZ on Monday.
The Board of Directors warned that the NZZ should not be "saved to death" and proposed a dividend of CHF 500 per share - equivalent to a total of CHF 2 million. This proposal was approved with 80 percent of the votes. Bernd Kundrun, who was presented as a replacement for Kaspar Villiger, was also elected with 90 percent of the votes.
The Board of Directors warned that the NZZ should not be "saved to death" and proposed a dividend of CHF 500 per share - equivalent to a total of CHF 2 million. This proposal was approved with 80 percent of the votes. Bernd Kundrun, who was presented as a replacement for Kaspar Villiger, was also elected with 90 percent of the votes.
