Gategroup to submit revised proposal regarding executive management compensation to AGM
On 13 April listed Swiss airline catering group Gategroup issued the following press release:
Prior to tomorrow’s Annual General Meeting, the Board of Directors of gategroup Holding AG has held discussions with various key shareholders and proxy advisors on agenda item 9.2 (total amount of compensation of the Executive Management Board for the 2017 business year) and has come to the conclusion that this item needs to be reviewed.
The Board of Directors has therefore decided not to submit to the Annual General Meeting agenda item 9.2 for a vote. The Board of Directors intends to submit to the next General Meeting a revised proposal regarding compensation of the Executive Management Board.