Infineon Technologies has reported about the 21st Annual General Meeting that took place this year in a virtual format due to the coronavirus pandemic, without the physical presence of shareholders.
In addition to enabling shareholders to submit questions before the AGM, Infineon was the first company listed in the DAX index to enable its shareholders to publish video messages. Key points of the addresses by members of the Management Board had been posted online almost two weeks before the Annual General Meeting.
A dividend of €0.22 per share The Annual General Meeting followed the proposal of the Management Board and Supervisory Board on the appropriation of profits and approved a dividend payment of €0.22 per share. Compensation systems for Management Board and Supervisory Board approved The Annual General Meeting approved the new compensation system for Management Board members adopted by the Supervisory Board by a large majority.
The new compensation system creates clear, transparent and sustainable guidelines for Management Board compensation at Infineon. The long-term variable, the share-based compensation component has been strengthened. The newly formulated targets for the Management Board reflect Infineon’s strategy in its range of components.
The Annual General Meeting also followed the administration’s proposal to adjust the compensation system for Supervisory Board members with a large majority. As a result, Infineon has a modern and appropriate compensation system in this area that is also in line with the market. Commitment to CO2 neutrality – Infineon switches to green power in Europe At the 2020 Annual General Meeting, Infineon had announced its intent to become carbon neutral by 2030.
As the next major step, Infineon is switching the electricity consumption of its sites in Europe completely to certified green power this year. This makes the company well equipped to meet its interim goal of reducing its CO2 emissions by 70 percent by 2025 compared to 2019. Infineon to position Management Board for the future
Also, the Supervisory Board will extend the contract of Chief Financial Officer Sven Schneider by five years at its meeting in May.