Key Outcomes from Sláturfélag Suðurlands General Meeting
Significant Findings from Sláturfélag Suðurlands General Assembly
Sláturfélag Suðurlands has recently made headlines following its annual general meeting. This gathering highlighted critical decisions and updates concerning the company, emphasizing financial health and governance as they move forward.
Approval of the Annual Financial Statement
One of the notable outcomes was the formal approval of the annual financial statement for the prior year. This approval is a vital step in ensuring transparency and shareholder confidence as it outlines the financial performance and position of Sláturfélag Suðurlands.
Impressions from the Financial Report
The financial report shared insights into the company’s growth trajectory and overall profitability. Stakeholders were particularly pleased with the organization’s strategic initiatives that led to a commendable performance during the past fiscal year.
Dividend Proposal and Interest Rates
The board proposed a dividend of 14.77% from the B-department capital fund, amounting to 29,530,179 ISK, with a per-share dividend of 0.1477 ISK. Additionally, it was agreed that an interest of 14.77% would be calculated on the capital in the A-department fund, which totals 64,063,952 ISK. Important dates to remember include the dividend payment day scheduled for the end of the month.
Implications of the Dividend Announcement
The proposed dividend and interest rates are expected to enhance shareholder value significantly. It reflects the board’s commitment to rewarding investors while maintaining a strong capital position.
Board of Directors Election
The meeting also resulted in the successful election of the new board of directors, consisting of various capable individuals dedicated to steering the organization towards further success. The elected members include Hallfreður Vilhjálmsson as chairman and several others, ensuring diverse representation and expertise within the leadership.
Profiles of Newly Elected Board Members
The experience and backgrounds of the elected board members stand to benefit the company greatly. Their collective experience is poised to guide Sláturfélag Suðurlands in meeting the challenges of the industry while pursuing growth opportunities.
Appointment of Auditors
Furthermore, the assembly appointed Deloitte hf. as the licensed auditor for the company. The engagement of experienced auditors ensures that the company adheres to the highest standards of financial integrity and accountability.
Roles of Auditors and Representatives
The auditors play a crucial role in the governance framework, ensuring that the financial practices and statements are accurate and credible, thus fostering trust among investors and stakeholders.
Compensation for Board Members and Auditors
Another point of deliberation was the approval of compensation for board members and auditors. The chairman's annual remuneration was set at 2,620,000 ISK, while committee members will receive 1,308,000 ISK each year. This structured compensation framework aims to attract and retain skilled individuals committed to upholding the company's values.
Analyzing Compensation Practices
Appropriate compensation for board members and auditors reflects the company's dedication to good governance and fair practices, which are essential for long-term sustainability.
Frequently Asked Questions
What were the main outcomes of the general meeting?
The outcomes included the approval of the financial statement, dividend proposals, and the election of a new board of directors.
Who were the newly elected members of the board?
The board was chaired by Hallfreður Vilhjálmsson among others, bringing diverse expertise to leadership.
What is the proposed dividend for shareholders?
The proposed dividend stands at 14.77%, translating to a per-share dividend of 0.1477 ISK.
What firm was appointed as the auditor for the company?
Deloitte hf. was reappointed as the licensed auditor for Sláturfélag Suðurlands.
How does the company ensure good governance?
The company's governance practices include fair compensation, transparent financial reporting, and effective leadership through its board of directors.
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