ING publishes proxy materials for 2017 AGM
March 23 2017 - 3:29AM
ING Groep N.V. ("ING") today published the proxy
materials for its annual General Meeting (AGM), to be held on
Monday, 8 May 2017, in Amsterdam. The proxy materials, including
the agenda for the AGM, are available on the ING website
(www.ing.com/agm).
As announced on 14 March 2017, the agenda for the
AGM includes the proposal to appoint Koos Timmermans and Steven van
Rijswijk as members of the Executive Board. Upon appointment they
will also be members of the Management Board Banking of ING. Koos
Timmermans will become chief financial officer as per the end of
the AGM, succeeding Patrick Flynn who has decided to pursue his
career outside of ING. Steven van Rijswijk will become chief risk
officer as of 1 August 2017, succeeding Wilfred Nagel, who will
retire as of that date.
ING also proposes to the AGM to reappoint Ralph
Hamers, currently CEO of ING, to the Executive Board for a next
term of four years. Ralph Hamers was appointed to the Executive
Board at the AGM in 2013 and became its chairman and CEO on 1
October 2013.
It is also proposed to the AGM to appoint Jan
Peter Balkenende, Margarete Haase and Hans Wijers as members of the
Supervisory Board, which was announced on 16 March 2017. Upon
decision by the AGM, the appointment of Jan Peter Balkenende and
Hans Wijers will be effective as per 1 September 2017. In light of
a planned reduction of the total number of her board positions, the
appointment of Margarete Haase will become effective at a later
date upon decision of the Supervisory Board.
It is the intention of the Supervisory Board to
elect Hans Wijers as its chairman to succeed Jeroen van der Veer in
that capacity per the end of the AGM 2018. In order to ensure a
smooth transfer of responsibilities to Hans Wijers, it will be
proposed to the AGM to reappoint Jeroen van der Veer as member of
the Supervisory Board for a period of one year, ending as per the
end of the AGM 2018.
It will also be proposed to the AGM to reappoint
Hermann-Josef Lamberti and Robert Reibestein for a next term of
four years as members of the Supervisory Board. After completing
her four year term since appointment in 2013, Isabel Martín
Castellá will retire from the Supervisory Board at the end of the
AGM 2017, having reached the ING age limit for Supervisory Board
members.
Full details of all voting items, including the
aforementioned proposals, are included in the proxy materials
published today. The proxy materials also include the 2016 Annual
Report of ING including the Annual Accounts and the reports of the
Executive Board and the Supervisory Board as published on 16 March
2017, as well as other information and documents as required by
law.
Note for editors
For further information on ING, please visit
www.ing.com. Frequent news updates can be found in the Newsroom or
via the @ING_news Twitter feed. Photos of ING operations, buildings
and its executives are available for download at Flickr. Footage
(B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info@videobankonline.com. ING presentations
are available at SlideShare.
Press
enquiries |
|
Investor enquiries |
Carolien van der
Giessen |
|
ING Group Investor
Relations |
+31 20 576 6836 |
|
+31 20 576 6396 |
Carolien.van.der.Giessen@ing.com |
|
Investor.Relations@ing.com |
|
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ING PROFILE
ING is a global financial institution with a strong European base,
offering banking services through its operating company ING Bank.
The purpose of ING Bank is empowering people to stay a step ahead
in life and in business. ING Bank's 52,000 employees offer retail
and wholesale banking services to customers in over 40
countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS,
INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING
US, ING.N).
Sustainability forms an integral part of ING's strategy, which is
evidenced by the number one position among 395 banks ranked by
Sustainalytics. ING Group shares are being included in the
FTSE4Good index and in the Dow Jones Sustainability Index (Europe
and World) where ING is among the leaders in the Banks
industry group.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information
about ING Groep N.V. and/ or ING Bank N.V. within the meaning of
Article 7(1) to (4) of EU Regulation No 596/
2014.
ING Group's annual accounts are prepared in accordance with
International Financial Reporting Standards as adopted by the
European Union ('IFRS-EU'). In preparing the financial information
in this document, except as described otherwise, the same
accounting principles are applied as in the 2016 ING Group
consolidated annual accounts. All figures in this document are
unaudited. Small differences are possible in the tables due to
rounding.
Certain of the statements contained herein are not historical
facts, including, without limitation, certain statements made of
future expectations and other forward-looking statements that are
based on management's current views and assumptions and involve
known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in such statements. Actual results,
performance or events may differ materially from those in such
statements due to a number of factors, including, without
limitation: (1) changes in general economic conditions, in
particular economic conditions in ING's core markets,
(2) changes in performance of financial markets, including
developing markets, (3) potential consequences of European
Union countries leaving the European Union or a break-up of the
euro, (4) changes in the availability of, and costs associated
with, sources of liquidity such as interbank funding, as well as
conditions in the credit and capital markets generally, including
changes in borrower and counterparty creditworthiness,
(5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and
customer behaviour, (8) changes in general competitive
factors, (9) changes in laws and regulations and the
interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory
authorities, (11) changes in standards and interpretations
under International Financial Reporting Standards (IFRS) and
the application thereof, (12) conclusions with regard to
purchase accounting assumptions and methodologies, and other
changes in accounting assumptions and methodologies including
changes in valuation of issued securities and credit market
exposure, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (14) changes in credit ratings,
(15) the outcome of current and future legal and regulatory
proceedings, (16) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving
programmes and (17) the other risks and uncertainties detailed
in the most recent annual report of ING Groep N.V. (including the
Risk Factors contained therein) and ING's more recent
disclosures, including press releases, which are available on
www.ING.com. Many of those factors are beyond ING's
control.
Any forward looking statements made by or on behalf of ING speak
only as of the date they are made, and ING assumes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a
solicitation of an offer to purchase, any securities in the United
States or any other jurisdiction.
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information contained therein.
Source: ING Group via Globenewswire
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