AXA gives boost to board of directors

Its annual shareholders meeting allowed the insurance giant to outline its purpose

AXA gives boost to board of directors

Insurance News

By Roxanne Libatique

AXA’s latest Shareholders’ Meeting revealed resolutions recommended by its board of directors, including several appointments.

AXA’s shareholders approved the appointment of Mmes Isabel Hudson, Marie-France Tschudin, Antoine Gosset-Grainville, and Helen Browne as directors for a four-year term. Mmes Irene Dorner and Angelien Kemna were also re-appointed as directors for a four-year term.

Thomas Buberl, the chief executive officer of AXA, commented that the annual shareholders’ meeting allowed the company to present its purpose: “acting for human progress by protecting what matters.”

“More than ever, businesses must transform themselves to meet changing stakeholder expectations. This is an exhilarating challenge, which requires everyone in the company to understand its meaning and importance. As AXA enters a new phase in its history, we wanted to collectively ask ourselves what drives us and why we exist,” Buberl said.

AXA also announced that it would pay a €0.73 dividend per share for the 2019 fiscal year on July 09, 2020.

“A company’s economic performance is the foundation for success. But you can’t build a collective journey like AXA’s without putting this economic performance at the service of the greater good, an effort in which everyone individually participates,” Buberl said.

“The COVID-19 crisis has shown that insurance has a critical role to protect societies and drive economic growth. This conviction has become clear to us all in our reflections on our purpose. Encapsulated in one sentence, ‘Acting for human progress by protecting what matters,’ it expresses who we are and defines our mission. It reflects our commitment to support our customers, unite our employees, and help societies meet the major challenges of our time.”

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