OREANDA-NEWS. ABB shareholders approved all proposals submitted by the Board of Directors to the annual general meeting in Zurich.

The shareholders elected Peter Voser as Chairman of the Board of Directors, and David Constable as a new member of the Board. Jacob Wallenberg, Roger Agnelli, Matti Alahuhta, Louis R. Hughes, Michel de Rosen and Ying Yeh were re-elected for another term. The shareholders also voted for the proposed compensation committee members.

The shareholders supported a sixth consecutive dividend increase to CHF 0.72 per share, up from CHF 0.70 last year. They also approved the annual report, the consolidated financial statements and the annual financial statements for 2014.

For the first time, shareholders had a binding vote on the maximum aggregate compensation of the Board of Directors for the next term of office and of the Executive Committee for the following financial year, in line with the amendments to the articles of incorporation adopted last year. The shareholders approved the proposed amounts. Also approved was the compensation report in a non-binding vote.

A total of 894 shareholders attended the annual general meeting and 70.9 percent of the total votable share capital was represented.