Inditex to invest 290mn euros in logistics & HQ expansion

18 Jul '12

4 min read

In terms of suppliers, Inditex’s chairman underscored the degree of implementation of the Code of Conduct for External Manufacturers and the work performed with supplier clusters and alluded to the environmental strategy represented by Project Green Code, which sets the lines of initiative for increasing the sustainability of the products made by and industrial processes performed by the Group’s suppliers.

Finally, the chairman drew the shareholders’ attention to the Group’s training and internal promotion policies, as well as quoting the more than 9,000 new jobs created in 2011. During the past year, over one thousand employees were promoted and 75% of vacancies were filled by Group professionals. Ten per cent of the workforce takes part each year in internal career development programmes and in 2011 alone the Group’s staff received over one million hours of job-specific training.

Resolutions

In the Meeting of Shareholders, the 2011 financial statements were approved together with and the proposed appropriation of profit and dividend payment. They also ratified the re-election of GARTLER, S.L. as domanial director and the appointment of Mr. José Arnau to the Board of Directors, where he will serve as non-executive Vice-Chairman, in place of Mr. Carlos Espinosa de los Monteros, who continues as director.

Other adopted resolutions included the appointment of the auditor for fiscal years 2012 to 2014 and several amendments to the Articles of Association and General Meeting Regulations.

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