Canada NewsWire
MONTREAL, March 9, 2017
MONTREAL, March 9, 2017 /CNW Telbec/ - National Bank of
Canada (TSX: NA) announced today that its Notice of the Annual Meeting to be held on
April 21, 2017 in Montreal and its Management Proxy Circular have
been released and filed with securities regulators. National Bank is innovating this year by promoting the electronic version of
its Circular, which is both cost effective and environmentally friendly.
The Circular includes detailed information on the Bank's Annual Meeting, the director nominees, and the Board's approach to
executive compensation.
Highlights:
- Pierre Blouin, a new director nominee appointed in 2016, will be introduced at the Annual
Meeting. Mr. Blouin has extensive expertise gained from working as the Chief Executive Officer of telecommunications
companies.
- This year, 36% of the Bank's director nominees are women—a proportion that exceeds the one-third target set by the Board of
Directors.
- With an income of nearly $6 billion, total assets of more than $230
billion, and a CET1 ratio of over 10%, the Bank is one of the soundest financial institutions in the world. Furthermore,
in December 2016, it announced another increase of its quarterly dividend on its common shares of
$0.56 per share.
- During the Annual Meeting, National Bank's Board of Directors will again submit its approach to compensation to a
shareholder advisory vote. A proposal regarding the reload of the reserve of shares for the Bank's Stock Option Plan will also
be submitted for approval at the Meeting.
Link:
nbc.ca/circular
About National Bank of Canada
With $234 billion in assets as at January 31, 2017, National Bank of Canada , together
with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has
more than 21,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock
Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook , LinkedIn and Twitter .
SOURCE National Bank of Canada
To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/09/c1121.html