Home / Knowledge / News / Apparel/Garments / H&M declares annual dividend of SEK 9.50/share
H&M declares annual dividend of SEK 9.50/share
30
Apr '14
H & M Hennes & Mauritz AB held its Annual General Meeting under the chairmanship of lawyer Sven Unger. The AGM approved the dividend of SEK 9.50 per share in accordance with the Board of Directors’ proposal. The record day is 5 May 2014. The dividend is expected to be paid out by Euroclear Sweden AB on 8 May 2014.
 
The Annual General Meeting adopted the income statement and balance sheet for the parent company and the Group. The AGM discharged the members of the Board and the Chief Executive Officer from liability for the 2012/2013 financial year. 
 
The regular Board members Anders Dahlvig, Lottie Knutson, Sussi Kvart, Stefan Persson, Melker Schörling and Christian Sievert were re-elected by the AGM, which also elected the proposed new members Lena Patriksson Keller and Niklas Zennström to the Board. 
 
Bo Lundquist had declined re-election and Mia Brunell-Livfors left the Board of H&M at her own request as of the end of 2013. As in 2013, the Board of Directors comprises eight members elected by the AGM. Stefan Persson was re-elected as Chairman of the Board.
 
The regular members appointed previously by the trade unions are Margareta Welinder and Ingrid Godin, with Tina Jäderberg and Rita Hansson as deputy members.
 
The AGM approved the proposal from the Election Committee that the total Board fees be increased by SEK 500,000 to SEK 5,525,000. The Board fees are broken down as follows: Chairman of the Board SEK 1,500,000; members elected by the AGM SEK 525,000; members of the Auditing Committee an extra SEK 100,000; and the chairman of the Auditing Committee an extra SEK 150,000. 
 
The AGM approved the Election Committee’s proposed principles for the Election Committee and elected the members of the Election Committee for the period up to the appointment of a new Election Committee. The members of the Election Committee are Stefan Persson, Lottie Tham, Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF Fonder).
 
The AGM approved the resolution proposed by the Board concerning guidelines for remuneration to senior executives.
 

H&M


Interviews View All

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search