2011 Annual General Meeting of Shareholders of Wolters Kluwer held today.
Wolters Kluwer, a market-leading global information services company focused on professionals, announced that the Annual General Meeting of Shareholders (AGM), held in Amsterdam earlier today, has adopted the company’s 2010 financial statements and has approved the dividend increase to €0.67 per ordinary share. Furthermore, Mr. B.F.J. Angelici has been reappointed as member of the Supervisory Board and Mr. J.J. Lynch, Jr. has been reappointed as member of the Executive Board.
In her address to the AGM, Nancy McKinstry, CEO and Chairman of the Executive Board, shared Wolters Kluwer’s 2010 financial accomplishments and the progress of the company’s 2010-2012 strategy Maximizing Value for Customers. The strategy is successfully driving the transformation of the business. Online, software, and services revenues represent nearly 70% of total revenues and Wolters Kluwer has a significantly increased global presence.
Ms. McKinstry stated, “Across all divisions Wolters Kluwer is investing in growth. We are building on the unique advantages we have as a company, including our strong global market positions, our deep content assets and our expertise in building software solutions that help our customers address their most pressing needs.”
Decisions by the Annual General Meeting of Shareholders
The shareholders of Wolters Kluwer were represented in person, by proxy voting, or by voting instruction, representing a total of 55.87 % of the total issued share capital entitled to vote.
- Shareholders adopted the 2010 financial statements and approved the proposal to distribute a dividend of €0.67 per ordinary share, a 2% increase over last year and therefore, in line with the existing progressive dividend policy. Indicating a strong belief in the future of the company, shareholders can choose between a distribution in the form of cash or stock as in previous years.
- Corresponding to the rotation schedule, Mr. B.F.J. Angelici was reappointed as member of the Supervisory Board for a term of four years. He has been a member of the Supervisory Board since 2007 and is a member of the Audit Committee.
- Shareholders also reappointed Mr. J.J. Lynch, Jr. as member of the Executive Board for a term of four years, which is in line with the Dutch Corporate Governance Code. Mr. Lynch, who was appointed to the Executive Board in 2007, has contributed significantly to the Springboard program and is responsible for leading Global Shared Services to a more expanded role within the company.
- Shareholders also approved the proposed amendment to the Long-Term Incentive Plan of the Executive Board.
Details on the agenda items, the 2010 Annual Report and the 2010 Sustainability Report are available on the company’s website.
