CFM INDOSUEZ Wealth Management - 2020 Annual Report

39 - CFM Indosuez Wealth continued to apply the outsourcing agreement covering IT services (S2i) and back office services with Azqore (formerly CAPBS). - CFM Indosuez Wealth continued to provide operational support to CFM Indosuez Gestion and CFM Indosuez Conseil en Investissement SASU. - CFMIndosuezWealthused theservicesof insurance broker Ascoma JH for themanagement of some its insurance policies. We ask you to acknowledge that you have been notified of these transactions, in accordancewith the provisions of Article 23 of the Sovereign Ordinance of 5 March 1895, and to ratify them as necessary. We also ask you to renew the terms of office of your directors and grant your company the same authorisation for 2021. This is the report submitted for your approval further to the observations made by the Statutory Auditors. RESOLUTIONS FOR THE GENERAL MEETING • FIRST RESOLUTION: APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS After the reports of the Board of Directors and the Statutor y Auditors were read, the General Shareholders’ Meeting approved the consolidated financial statements for the year ending on 31 December 2020 as presented, as well as the management of the group, based on the examination of such statements and reports. Consequently, the General Meeting granted the members of the Board of Directors full discharge in respect of their management for the fiscal year. • SECOND RESOLUTION: APPROVAL OF THE SEPARATE FINANCIAL STATEMENTS After the reports of the Board of Directors and the Statutor y Auditors were read, the General Shareholders’ Meeting approved the annual financial statements for the year ending on 31 December 2020 as presented, as well as the management of the corporation, based on the examination of such statements and reports. Consequently, the General Meeting granted the members of the Board of Directors full discharge in respect of their management for the fiscal year. • THIRD RESOLUTION: APPROPRIATION OF INCOME The General Meeting decided, on the proposal of the Board of Directors, to allocate the profit for the year as follows: Accumulated profit from 2019 and 2020 financial years €77,429,416 Application of the 15% distribution rate to this total €11,614,412 Retained earnings €217,551,630 Amount of proposed dividends €11,614,710 Retained earnings following distribution of dividends €226,297,720 On this basis, the unit dividend amounts to€20.27 per share, to be paid out on 27May 2021, the balance being recorded in retained earnings. • FOURTH RESOLUTION: STATUTORY AUDITORS’ FEES The General Shareholder ’ Meeting approved the amount of the statutory auditors' fees as allocated and indicated in the fees and expenses for the fiscal year. • FIFTH RESOLUTION: ADVANCE PAYMENT The General Shareholders' Meeting authorized the Board of Directors to pay an interim dividend on the 2021 dividend, if deemed appropriate, before the end of the fiscal year, on the basis of a balance sheet duly certified by the Company’s Statutory Auditors. • SIXTH RESOLUTION: DIRECTOR APPOINTMENT In accordance with Article 17 of the Articles of Association, the General Meeting approves the appointment as a Director of Catherine Galvez, who was co-opted by the Board of Directors on 12 March 2021, for a period of three years. Ms Galvez’s appointment will end following theGeneral Meeting called in 2024 to approve the financial statements for the 2023 financial year.