Euronext says all resolutions passed at EGM

Maria Nikolova

The resolutions include the re-appointment of Stéphane Boujnah as a member of the Managing Board and CEO.

Euronext NV (EPA:ENX) has just reported the results of its Extraordinary General Meeting (EGM) held earlier today. Euronext announced that all the items on the agenda were approved.

These items were as follows:

  • 1. Appointment of Nathalie Rachou as an independent member of the Supervisory Board;
  • 2. Appointment of Morten Thorsrud as an independent member of the Supervisory Board;
  • 3. Re-appointment of Stéphane Boujnah as a member of the Managing Board and CEO;
  • 4. Appointment of Håvard Abrahamsen as a member of the Managing Board;
  • 5. Appointment of Simone Huis in ‘t Veld as a member of the Managing Board;
  • 6. Amendment of the remuneration policy.

The remuneration structure will remain composed of the fixed salary, a short term incentive in a form of cash reward and a long-term incentive in the form of equity and benefits in kinds.

The fixed annual remuneration of the CEO and Chairman of the Managing Board will increase from €725,000 to €825,000; the short term incentive target will be kept unchanged, whereas the long term incentive % target will be raised from 100% to 150%.

When explaining the rationale for the changes, Euronext noted that the company is fundamentally different from what it was in June 2014 when it was listed and when the current CEO’s remuneration level was set. In particular, since its IPO in 2014, Euronext has more than tripled its market capitalization, from €1.4 billion in 2014 to €4.9 billion at end of July 2019. The company has also welcomed two new European exchanges in its federal model with the Irish Stock Exchange and Oslo Børs VPS acquisitions.

Read this next

Digital Assets

Silvergate dismisses speculation of trouble, says BlockFi exposure is minimal

Crypto-friendly bank Silvergate Capital claimed on a Tuesday blog post that it had minimal exposure to crypto lender BlockFi, which filed for chapter 11 bankruptcy protection this week.

Retail FX

Fidelity launches crypto trading for retail investors

Fidelity Investments, one of the largest brokerages in the world, has officially rolled out a commission-free crypto trading product for retail investors, starting with zero-fee trading for Bitcoin and Ethereum.

Digital Assets

ECB head calls for tougher crypto regulation after FTX collapse

President of the European Central Bank, Christine Lagarde, has called on lawmakers to start working on fresh crypto regulations to protect the financial system after the collapse of the FTX exchange.

Retail FX

CySEC updates rules for regulated brokers’ cross border activity

As CySEC’s attitude of adopting more stringent licensing guidelines and operating regulations becomes ever clearer, certain aspects of the rules and operations start to come into sharper focus.

Market News

Outlook for Gold: Can the Precious Metal Regain Power?

Gold set an all-time high at $2070 on March 08, 2022, when the price skyrocketed amid investors’ worries about the military conflict in Eastern Europe.

Crypto Insider

2022 Islamic Finance recap: as the space continues to evolve, blockchain stands to play a big part

Despite the global economy being ravaged by turmoil induced by the Covid-19 pandemic over the last couple of years, the Islamic finance industry has emerged relatively unscathed

Crypto Insider

Decentralized Exchanges and Pooled Trading Platform Applications

Decentralized exchanges are one-way blockchain companies take back the power of value creation.

Crypto Insider

How to maximize the safety of your digital tokens?

Digitalization is the future of the investment world. These are the most preferred and growing investments in the world.

Institutional FX, Interviews

FIA EXPO 2022: Interview with Trading Technologies

The derivatives trading industry has gathered in Chicago to attend the FIA EXPO 2022 on 14-15 November.