The FINANCIAL — ING Groep N.V. announced the availability of the proxy materials relating to its annual General Meeting (AGM) to be held on Monday 12 May 2014. The proxy materials will be available on the ING website, according to ING.
It will be proposed to the AGM to appoint Eric Boyer de la Giroday to the Supervisory Board as per the end of the AGM. Eric Boyer de la Giroday (1952, Belgian) is currently chairman and non-executive member of the Board of Directors of ING Belgium NV/SA. He worked for ING from 1984 until his retirement in 2011, during which period he fulfilled several roles. From 2004 to 2009 he served as a member of the Executive Board of ING Group, responsible for Wholesale Banking and became vice-chairman of the Management Board Banking as of 1 January 2010. The proposed appointment is subject to approval by the Dutch central bank (DNB), according to ING.
Tineke Bahlmann and Peter Elverding have decided to resign from the Supervisory Board at the end of the AGM. Luc Vandewalle will retire from the Supervisory Board at the end of the AGM, having reached the age of 70. “I want to thank Tineke, Peter and Luc for their important and valuable contributions to ING. We wish them well for the future,” said Jeroen van der Veer, chairman of the Supervisory Board.
Tineke Bahlmann was appointed to the Supervisory Board at the 2009 AGM as one of the two state nominees in the context of the financial support the Dutch State extended to ING. She has decided to resign as arrangements with the State of the Netherlands, including special voting rights of the State nominees, expired as a result of the unwinding of the Illiquid Assets Back-up Facility agreement.
Peter Elverding decided to resign because of his desire to reduce his board commitments. Peter Elverding was appointed to the Supervisory Board as of 1 August 2007. He was chairman from 27 April 2009 until 9 May 2011. Since 9 May 2011 he has been vice-chairman.
Luc Vandewalle was appointed a member of the Supervisory Board on 9 May 2011. Before this appointment he was chairman and non-executive member of ING Belgium NV/SA.
The full details of proposed appointment and the composition of the Supervisory Board are included in the proxy materials published today. The proxy materials also include:
The convocation for the AGM consisting of the agenda with explanation and the announcements that are required by virtue of the law and the Articles of Association of ING Groep N.V.;
The 2013 Annual Report of ING Groep N.V. including the Annual Accounts, other information and the reports of the Executive Board and the Supervisory Board as published on 21 March 2014. As announced on 21 March, the printed version of the ING Group Annual Report in English will be available as of 3 April 2014;
The proposals to amend the Articles of Association of ING Groep N.V. These proposals aim to technically facilitate the possibility of a spin-off of NN Group, as described and explained in the convocation, notwithstanding the base case of an initial public offering (IPO) of NN Group;
Any other information and documents as required by law.
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