Home / Knowledge / News / Textiles / Clariant shareholders approve all BoD agenda proposals
Clariant shareholders approve all BoD agenda proposals
25
Mar '14
At Annual General Meeting in Basel, the shareholders of Clariant AG, a world leader in specialty chemicals, approved all agenda items and proposals put forward by the Board of Directors.
 
The meeting was attended by 516 shareholders and shareholder representatives accounting for 169,039,978 shares or around 51% of the share capital of Clariant.
 
Hariolf Kottmann, CEO, commented: "We expect full-year sales growth in local currencies in the low to mid-single-digit range and a further improvement in the EBITDA margin before exceptional items in 2014 compared to financial year 2013. We are maintaining our target to become one of the leading specialty chemicals companies by 2015." 
 
The Annual General Meeting approved the Annual Report as well as the Group's Consolidated Financial Statements for the financial year 2013 with 99.30 % of the votes in favor. The 2013 Compensation Report was also approved on a consultative basis with 79.61 % of the votes. 
 
The members of the Board of Directors and the Executive Committee were discharged with 97.52 % of the votes. In addition, the Annual General Meeting approved the appropriation of the accumulated profit for 2013 with 99.39 % of the votes in favor, as well as the distribution of reserves from capital contributions of CHF 0.36 per share with 99.43 % of the votes. 
 
All members of the Board of Directors were reelected for one year by a large majority, as was the Chairman of the Board of Directors, Rudolf Wehrli. PricewaterhouseCoopers AG was confirmed as the auditor for 2014.
 
To ensure early implementation of the "OaEC", Clariant's Board of Directors proposed comprehensive changes to the Articles of Association to the Annual General Meeting, which were all approved by a majority.
 
The proposal for overall compensation of the Board of Directors for the period between the 2014 and 2015 Annual General Meetings was approved with 81.86 % of the votes, as was the overall compensation of the Executive Committee for financial year 2015, with 82.26 % of the votes.
 

Clariant


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search