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| Kone announces AGM decisions Kone Corporation's Annual General Meeting was held in Helsinki on March 1, 2010. The meeting approved the financial statements and discharged the responsible parties from liability for the financial period January 1–December 31, 2009. The General Meeting approved dividends of EUR 1.295 for each of the 38,104,356 class A shares and EUR 1.30 for the 215,633,08 outstanding class B shares. The date of record for dividend distribution is March 4, 2010, and dividends will be payable on March 11, 2010. Further the General Meeting decided to authorize the Board of Directors to grant during year 2010 no more than EUR 3,500,000 to support activities of universities and colleges, and that 100,000 treasury class B shares of Kone Corporation is distributed without compensation to the Kone Corporation Centennial Foundation to be established, and that Board is authorized to grant later no more than EUR 100,000 to the Kone Corporation Centennial Foundation. The number of Members of the Board of Directors was confirmed as eight and it was decided to elect one deputy Member. The General Meeting confirmed an annual compensation of EUR 54,000 for the Chairman of the Board, EUR 42,000 for the Vice Chairman, EUR 30,000 for Board Members and EUR 15,000 for the deputy Member. In addition, a compensation of EUR 500 was approved for attendance at Board and Committee meetings. write your comments about the article :: © 2010 Construction News :: home page |