QUEBEC
CITY, May 10, 2024 /CNW/ - Jacques Martin, Chair of the Board of iA
Financial Group, is pleased to announce that the nominees listed in
the proxy solicitation circular dated March
12, 2024 ("Circular"), were elected as directors of
iA Financial Corporation Inc. ("iA Financial Corporation")
and the nominees listed in the Information Document for
Participating Policyholders dated March 12,
2024 ("Information Document") were elected as
directors of Industrial Alliance Insurance and Financial Services
Inc. ("iA Insurance").
New Audit Committee Chair
iA Financial Group announces the appointment of a new Audit
Committee Chair. Danielle G. Morin,
who served as Chair of the Audit Committee for five years and who
has informed us of her intention not to stand for re‑election to
the Board this year, completed her term of office as a director on
9 May 2024, Ms. Ginette Maillé
succeeds Ms. Morin as Chair of the Audit Committee. Ms. Maillé
is a chartered professional accountant with over 30 years'
financial experience.
Voting results
iA Financial Group also announces the results of the votes by
ballot held at its annual meeting on May 9, 2024.
For iA Financial Corporation:
1. Election of directors by common shareholders
Each
of the nominees for the common shareholders listed in the Circular
was elected.
|
Name of
nominee
|
Votes
for
|
%
|
Votes
withheld
|
%
|
|
William F.
Chinery
|
69,979,225
|
99.89
|
74,920
|
0.11
|
|
Benoit
Daignault
|
69,990,906
|
99.91
|
63,239
|
0.09
|
|
Martin
Gagnon
|
69,469,712
|
99.17
|
584,433
|
0.83
|
|
Alka Gautam
|
70,001,531
|
99.92
|
52,614
|
0.08
|
|
Nicolas
Darveau-Garneau
|
69,977,244
|
99.89
|
76,901
|
0.11
|
|
Emma K.
Griffin
|
69,484,937
|
99.19
|
569,208
|
0.81
|
|
Ginette
Maillé
|
69,417,510
|
99.09
|
636,635
|
0.91
|
|
Jacques
Martin
|
67,658,490
|
96.58
|
2,395,655
|
3.42
|
|
Monique
Mercier
|
68,766,483
|
98.16
|
1,287,662
|
1.84
|
|
Marc Poulin
|
69,187,393
|
98.76
|
866,752
|
1.24
|
|
Suzanne
Rancourt
|
69,012,715
|
98.51
|
1,041,430
|
1.49
|
|
Denis Ricard
|
69,994,140
|
99.91
|
60,005
|
0.09
|
|
Ouma
Sananikone
|
69,467,192
|
99.16
|
586,953
|
0.84
|
|
Rebecca
Schechter
|
69,522,473
|
99.24
|
531,672
|
0.76
|
|
Ludwig W.
Willisch
|
69,976,628
|
99.89
|
77,517
|
0.11
|
2. Appointment of external auditor
Deloitte LLP was
appointed as iA Financial Corporation's external auditor.
|
Votes for
|
%
|
Votes withheld
|
%
|
|
62,873,131
|
89.63
|
7,270,760
|
10.37
|
3. Advisory vote on the Corporation's approach to executive
compensation
The advisory resolution on executive
compensation, was approved.
|
Votes for
|
%
|
Votes against
|
%
|
|
64,645,356
|
92.28
|
5,408,537
|
7.72
|
4. Shareholder Proposal No. 1
The Shareholder Proposal
No. 1 - Incentive pay tied to ESG goals for all employees, was
rejected.
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
1,990,472
|
2.84
|
68,063,285
|
97.16
|
5. Shareholder Proposal No. 2
The Shareholder Proposal
No. 2 – In-person annual shareholder meetings, passed.
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
37,284,712
|
53.22
|
32,768,979
|
46.78
|
6. Shareholder Proposal No. 3
The Shareholder Proposal
No. 3 - Appointment of the auditor, was rejected.
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
6,582,235
|
9.40
|
63,471,855
|
90.60
|
7. Shareholder Proposal No. 4
The Shareholder Proposal
No. 4 - Advisory vote on environmental policies, was rejected.
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
14,216,067
|
20.29
|
55,838,023
|
79.71
|
For iA Insurance:
1. Election of directors by the sole common
shareholder
Each of the nominees for the sole common shareholder listed in the
Information Document was elected.
|
Name of nominee
|
Votes for
|
%
|
Votes withheld
|
%
|
|
William F.
Chinery
|
113,575,222
|
100
|
0
|
0
|
|
Nicolas
Darveau-Garneau
|
113,575,222
|
100
|
0
|
0
|
|
Martin
Gagnon
|
113,575,222
|
100
|
0
|
0
|
|
Emma K.
Griffin
|
113,575,222
|
100
|
0
|
0
|
|
Jacques
Martin
|
113,575,222
|
100
|
0
|
0
|
|
Denis Ricard
|
113,575,222
|
100
|
0
|
0
|
|
Ouma
Sananikone
|
113,575,222
|
100
|
0
|
0
|
|
Rebecca
Schechter
|
113,575,222
|
100
|
0
|
0
|
2. Election of directors by participating
policyholders
Each of the nominees for the participating
policyholders listed in the Information Document was elected.
|
Name of nominee
|
Votes for
|
%
|
Votes withheld/Against
|
%
|
|
Benoit
Daignault
|
304
|
95.90
|
27
|
4.10
|
|
Ginette
Maillé
|
309
|
97.17
|
22
|
2.83
|
|
Monique
Mercier
|
308
|
96.86
|
23
|
3.14
|
|
Suzanne
Rancourt
|
306
|
96.53
|
25
|
3.47
|
|
Marc Poulin
|
309
|
96.56
|
22
|
3.44
|
3. Appointment of external auditor by the sole common
shareholder
Deloitte LLP was appointed as iA
Insurance's external auditor.
|
Votes for
|
%
|
Votes withheld
|
%
|
|
113,575,222
|
100
|
0
|
0
|
Final results for all matters voted on during the annual meeting
will be submitted to Canadian securities administrators and will be
available on sedarplus.ca.
About iA Financial Group
iA Financial Group is one of the largest insurance and wealth
management groups in Canada, with
operations in the United States.
Founded in 1892, it is an important Canadian public company and is
listed on the Toronto Stock Exchange under the ticker
symbols IAG (common shares) and IAF (preferred shares).
iA Financial Group is a business name and trademark of iA
Financial Corporation Inc. and Industrial Alliance Insurance
and Financial Services Inc.
SOURCE iA Financial Group