Thousands of angry shareholders have outvoted the new Board of Directors of the Fortis Holding. The candidature of Etienne Davignon was rejected, he only got 49,91 % of the present votes.
More than 5,000 shareholders were present at the meeting in Brussels. Etienne Davignon was candidate to become president. Davignon is the man from the Belgium establishment and also a friend of Maurice Lippens, the former president of Fortis, who is held responsible for the downfall of Fortis.
For the approval of the new Board of Directors there had to be a consent in Utrecht as well as in Brussels. To legally compile the new Board, it has to count at least three members. Only two members got a majority, these are Louis-Cheung Chi Yan, representative of the Chinese bank insurer Ping An, and Karel De Boeck.
Source: De Morgen, Wednesday 3 December 2008.
Tine Van Landeghem
More than 5,000 shareholders were present at the meeting in Brussels. Etienne Davignon was candidate to become president. Davignon is the man from the Belgium establishment and also a friend of Maurice Lippens, the former president of Fortis, who is held responsible for the downfall of Fortis.
For the approval of the new Board of Directors there had to be a consent in Utrecht as well as in Brussels. To legally compile the new Board, it has to count at least three members. Only two members got a majority, these are Louis-Cheung Chi Yan, representative of the Chinese bank insurer Ping An, and Karel De Boeck.
Source: De Morgen, Wednesday 3 December 2008.
Tine Van Landeghem
Geen opmerkingen:
Een reactie posten