The
annual general meeting of
Infineon took place yesterday (a video recording is available
here).
Hermes and several other shareholders failed to supplant the company's chairman-designate with their preferred candidate. The
Financial Times newspaper
reports:
Infineon’s rebellious shareholders received a crushing and unexpected defeat on Thursday in their attempt to oust the chairman-designate, as some investors on the losing side alleged that there might have been flaws in the voting procedures. A majority of 72.62 per cent of the shareholders voted against Willi Berchtold, the finance director of a large German car parts maker who had been proposed as chairman by a group of investors".
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