Siemens shareholders reject proposal to allow virtual AGMs [Yahoo! Finance]
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Source: Yahoo! Finance
Thu, February 13, 2025 at 5:34 PM GMT+1 1 min read In This Article SIEGY ZURICH (Reuters) - Siemens' board lost its attempt on Thursday to allow the company to continue to hold virtual AGMs in future without the physical presence of investors. Some 71% of shareholders approved the change to the company's rules, which would allow virtual AGMs to be held for the next two years, missing the 75% needed. The move had been criticised by some shareholders, who said it prevented them showing their support or opposition to company's proposals or speaking with each other. Chairman Jim Hagemann Snabe said he regretted the outcome, especially as most shareholders had voted for online AGMs, which Siemens has held since 2021, to continue. Snabe was re-elected to the company's board for another two years, despite some shareholders raising concerns about his long stint at the top of the German technology and engineering company. Deka Investments, which owns a 0.79% stake in Siemens
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