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Centerra Gold shareholders approved all formal items at the annual meeting, including the election of all eight director nominees to the board.
KPMG LLP was reappointed as the company’s auditor for the coming year, with directors authorized to set the auditor’s compensation.
Shareholders also passed a non-binding advisory vote on executive compensation, indicating support for the company’s pay approach.
Centerra Gold (NYSE:CGAU) shareholders approved all formal items of business at the company’s annual general meeting, including the election of eight directors, the reappointment of KPMG LLP as auditor and a non-binding advisory resolution on executive compensation.
The virtual-only meeting was chaired by Paul Wright, chair of Centerra’s board of directors. Wright was joined by President and Chief Executive Officer Paul Tomory and Corporate Secretary Yousef Rehman, along with members of the company’s board and management.
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Wright said the meeting was duly constituted after the company confirmed quorum based on the scrutineer’s attendance report. TSX Trust Company served as scrutineer for the meeting.
Shareholders Elect Eight Directors
Shareholders elected all eight nominees put forward in Centerra’s management information circular. Wright said one nominee, John Kitlen, was standing for election to the board, while the other seven nominees were incumbent directors standing for re-election.
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The elected directors are:
Aaron David Green
Wendy Kei
John Kitlen
Nancy Lipson
Craig McDougall
Michael Parrett
Paul Tomory
Paul Wright
Wright noted that Centerra has adopted an advance notice bylaw requiring director nominations to be submitted ahead of the meeting. He said no additional nominations had been received.
KPMG Reappointed as Auditor
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Shareholders also approved the appointment of KPMG LLP as Centerra’s auditor for the ensuing year. The resolution authorized the company’s directors to fix the remuneration to be paid to the auditor.
Wright said the scrutineer reported that the motion appointing KPMG LLP and authorizing the directors to set its pay had been carried.
Executive Compensation Resolution Approved
Centerra shareholders approved a non-binding advisory resolution accepting the company’s approach to executive compensation, as described in the management information circular.
