The combined annual general meeting of Arkema’s shareholders was held on May 19, 2020, at the company’s headquarters in Colombes, France, under the chairmanship of Thierry Le Hénaff, chairman and CEO.
Due to the COVID-19 pandemic and health measures decided by the French government, the shareholders’ meeting was held behind closed doors, without the physical presence of shareholders and was broadcast live on the company’s website.
Around its chairman, the Bureau was composed of a secretary of the meeting and two scrutineers appointed by the Board of Directors amongst shareholders.
Representing a quorum of 68.01 percent in the extraordinary conditions recalled above, the shareholders approved all the resolutions recommended by the Board of Directors, including among others:
- Approval of the 2019 financial statements and distribution of a dividend of €2.20 per share which will be paid from May 27, 2020;
- Reappointment of Le Hénaff as director for a four-year term;
- Compensation policy of the chairman and CEO as well as the components of compensation due or awarded to him for the year ended Dec. 31, 2019;
- Compensation policy of non-executive directors, other than the chairman and CEO, and the information relating to the compensation of directors in 2019;
- Several financial authorizations;
- Approval of the harmonization of the company’s Articles of Association with the new legal and regulatory provisions in force.
This annual general meeting was an opportunity to review the achievements and announcements made in 2019, the advancements in innovation, the strong 2019 financial performance and the impact of the COVID-19 pandemic since the beginning of 2020 as well as the measures implemented by the Group to face the crisis. It was also an opportunity to present the roadmap and objectives for 2024 as part of the Group’s long-term strategy.
Also, Virginie Delcroix, head of Sustainable Development, highlighted Arkema’s commitment in terms of CSR and the ambitious climate and environmental targets set by the Group for 2030.
Lastly, Thierry Morin, chairman of the Nominating, Compensation and Corporate Governance Committee, presented the company’s latest developments in corporate governance and compensation matters, with the continued implementation of best practices in these areas.