Engie Shareholders to Vote on Reducing Size of Board
13 Mars 2019 - 9:13AM
Dow Jones News
By Nathan Allen
Engie SA (ENGI.FR) said Wednesday that shareholders will vote on
cutting the group's board down to 14 members from 19 at the
forthcoming general meeting.
If the resolution is passed, the utility company said it won't
replace several board members who are due to step down following
the completion of their current terms.
Engie has a larger board than its peers due to terms associated
with the 2008 merger between Gaz de France and SUEZ that created
the company in its current form.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
March 13, 2019 03:58 ET (07:58 GMT)
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