Nestle dismisses Board resignation speculation
Nestle said that the Board made its position clear in relation to proposals made by a group of shareholders entitled to add points to the agenda.
Nestle said that the Board made its position clear in relation to proposals made by a group of shareholders entitled to add points to the agenda, one of which would prevent the same person simultaneously holding the position of Chairman of the Board and CEO. The Board is opposed to these proposals and explained its objections exhaustively when inviting shareholders to the 14 April 2005 General Meeting. The Board considers that such a proposal would constitute a serious limitation to its freedom of action on a point of strategic importance.
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