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| Iberdrola Shareholders Meeting approves new board of directors The Annual Shareholders Meeting of Iberdrola, held at the Euskalduna Palace in Bilbao, approved a new Board of Directors including two new Directors and the reelection of six others. Shareholders approved the Board's proposals at the AGM, which was held with a record high quorum of more than 79.5%. María Helena Antolín and Santiago Martínez Lage were approved as new independent external Directors and another six members whose five-year mandate ends this year were re-elected. Those re-elected were Víctor de Urrutia Vallejo, Ricardo Álvarez Isasi and José Ignacio Berroeta Echevarrí, (all independent external Directors), José Ignacio Sánchez Galán (executive director), Julio de Miguel Aynat (independent external director) and Sebastián Battaner Arias (independent external director). The Meeting also backed the proposal to establish total shareholder remuneration in line with last year (€0.332 per share). On 30 December an interim dividend for 2009 was paid (€0.143 per share), to which a premium for attending the AGM of a gross €0.005 per share will be added. During his speech to the Annual Shareholders Meeting, Iberdrola chairman Ignacio Galán highlighed the excellent results in 2009 with a 6.3% rise in Ebitda to €6,815 million and a net profit of €2,824 million. write your comments about the article :: © 2010 Construction News :: home page |