Bayer board wins back shareholder support as weed-killer talks continue [Toronto Globe and Mail (Ontario, Canada)]
BAYER AG S/ADR (BAYRY)
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Source: Toronto Globe and Mail
Bayer board wins back shareholder support as weed-killer talks continue A bridge is decorated with the logo of a Bayer AG, a German pharmaceutical and chemical maker in Wuppertal, Germany. Wolfgang Rattay/Reuters A bridge is decorated with the logo of a Bayer AG, a German pharmaceutical and chemical maker in Wuppertal, Germany. Bayer’s executive board won a clear vote of confidence from shareholders on Tuesday, following a rebuke last year over the handling of lawsuits related to a weed killer. Of the valid votes cast at this year’s annual general meeting (AGM), 92.6 per cent were in favour of ratifying the executive board’s business conduct during 2019, even though a settlement with plaintiffs has yet to be negotiated. About 7.4 per cent voted against that motion. Last year, the German company’s handling of a wave of U.S. lawsuits claiming its glyphosate-based weedkillers cause cancer prompted a majority of shareholders to cast a vote of no confidence in the executive board. At Tu
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