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

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search