Key points
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Centerra Gold Shareholders approved all formal elements at the annual meeting, including the election of the eight proposed directors to the board.
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KPMG LLP was re-elected as the company’s auditor for the following year, with the directors authorized to set the auditor’s remuneration.
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Shareholders also approved a Non-binding advisory vote on executive compensation.indicating support for the company’s salary approach.
Centerra Gold (NYSE:CGAU) shareholders approved all formal business at the company’s annual general meeting, including the election of eight directors, the re-election of KPMG LLP as auditor and a non-binding advisory resolution on executive remuneration.
The virtual-only meeting was chaired by Paul Wright, Chairman of the Board of Directors of Centerra. Wright was accompanied by President and CEO Paul Tomory and Corporate Secretary Yousef Rehman, along with members of the company’s board of directors and management.
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Wright said the meeting was duly constituted after the company confirmed the quorum based on the returning officer’s attendance report. TSX Trust Company acted as teller for the meeting.
Shareholders elect eight directors
Shareholders elected the eight nominees presented in Centerra’s management information circular. Wright said one candidate, John Kitlen, was running for election to the board, while the other seven candidates were sitting directors running for re-election.
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The elected directors are:
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Aaron David Verde
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Wendy Kei
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John Kitlen
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Nancy Lipson
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Craig McDougall
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Michael Parrett
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Pablo Tomory
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Paul Wright
Wright noted that Centerra has adopted an advance notice statute that requires director nominations to be submitted in advance of the meeting. He said no additional nominations had been received.
KPMG re-elected auditor
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Shareholders also approved the appointment of KPMG LLP as Centerra’s auditor for the following year. The resolution authorized the company’s directors to set the remuneration to be paid to the auditor.
Wright said the inspector reported that the motion appointing KPMG LLP and authorizing the directors to set their salary had been passed.
Executive Compensation Resolution Approved
Centerra shareholders approved a non-binding advisory resolution accepting the company’s approach to executive compensation, as described in its management information circular.