Chubb (CB) has shared an announcement.
Chubb Limited’s shareholders, at the 2024 Annual General Meeting, endorsed key corporate decisions, including the updated Employee Stock Purchase Plan and the authorization for a share capital adjustment mechanism. This mechanism enables the Board of Directors to modify share capital by up to 20% until May 16, 2025, and potentially limit shareholders’ pre-emptive rights under certain conditions. Other approvals encompassed dividend distributions, the election of Board members and auditors, as well as the ratification of executive compensation. Despite broad support for the management’s proposals, shareholder motions concerning environmental and pay gap reporting were not passed.
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