The shareholders were given the floor - and the Chairman replied: Elo Hansen, who prior to the annual general meeting had submitted an agenda proposal worded thus: ‘The Board of Directors may only receive share options if this has been included as a separate item on the agenda at the annual general meeting’, substantiated his viewpoint both verbally and in writing at the meeting. “No one, including the Board of Directors, should be able to award themselves compensation for work they have already been paid for,” said Elo Hansen.
Elo Hansen had stated his proposal as a suggestion to the Board of Directors rather than an amendment to the Articles of Association.
Gert Gylvig added that he found it regrettable that the proposal of Elo Hansen had not been dealt with in connection with the proposal from the Board of Directors, ie. item no. 9 at the agenda.
Christian Kjær took note of the comments and declared that the Board of Directors would naturally defer to massive pressure, ie. support for Elo Hansen’s request by 50% or more of the votes cast.
After instruction on the voting procedure by chairman of the meeting Klaus Kiilerich-Hansen, collection of voting papers and counting, the results of the vote were announced: 0.41% of the votes cast were ‘Yes’, 99.58% were ‘No’, and 0.01% were blank. The proposal was therefore rejected.
Christian Kjær thereafter declared the meeting ended and invited those present to a reception with light refreshments.
