ABB shareholders approve all board proposals

Source: ABB

Shareholders of ABB, the leading power and automation technology group, have approved all proposals submitted by the Board of Directors to the company's annual general meeting in Zurich today.

They re-elected all eight members of the board for another annual term. The board intends to reappoint Hubertus von Grünberg as its chairman.

Shareholders voted to raise the dividend to 0.65 Swiss francs per share for 2011 from 0.60 francs in the previous year. They also approved the annual report, the consolidated financial statements and the annual financial statements for 2011.

A total of 1,000 shareholders attended the annual general meeting and 61.4 percent of the total share capital was represented.

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