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Two New Directors Elected to the iA Financial Group Boards - Annual Meeting Voting Results

QUEBEC CITY, May 9, 2019 /CNW Telbec/ - Jacques Martin, Chair of the Board of iA Financial Group, is pleased to announce the election of two new directors to the Boards of iA Financial Corporation Inc. (« iA Financial Corporation ») and Industrial Alliance Insurance and Financial Services Inc. (« iA Insurance »). They are Monique Mercier and Benoit Daignault.

Monique Mercier has held various executive positions with TELUS. From 2014 until her retirement in January 2019, she was Executive Vice-President, Corporate Affairs and Chief Legal and Governance Officer. She began her career as a tax lawyer at Stikeman Elliott in 1984. She then worked at BCE and Bell Canada International before joining Emergis in 1999, which was acquired by TELUS in 2008.

In 2015, Monique Mercier was inducted into the Hall of Fame of the Women's Executive Network Top 100 Most Powerful Women in Canada. In 2002, she was honoured with the Queen Elizabeth II Golden Jubilee Medal as a Canadian businesswoman who has made exemplary contributions to Canada as a whole. Ms. Mercier serves on the Board of Trustees of the Legal Leaders for Diversity Trust Fund. She sits namely on the boards of directors of the Canadian Cancer Research Society and the Bank of Canada.

Benoit Daignault is a corporate director. He was President and Chief Executive Officer of Export Development Canada between February 2014 and February 2019. Prior to that, he served as Senior Vice-President, Financing and Investments after serving as Senior Vice-President, Business Development.

Before joining EDC in 2004, Benoit Daignault spent more than 10 years with General Electric Capital, where he held increasingly senior positions in both Canada and the United States. Mr. Daignault has a Baccalaureate in Business Administration from HEC Montreal and is a CFA charterholder. He completed the Proteus program of the London Business School and the Senior Executive Program of Columbia University. He currently serves on the board of directors of the Conference Board of Canada.

With their vast experience and qualities, these two nominees will make a great contribution to the Board's activities.

Voting Results
iA Financial Group also announces the results of the votes by ballot held at its annual meeting on Thursday, May 9, 2019.

For iA Financial Group:

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

%

Agathe Côté

78,694,678

99.93

58,428

0.07

Benoit Daignault

78,685,725

99.91

67,381

0.09

Nicolas Darveau-Garneau

75,319,800

95.64

3,433,306

4.36

Emma K. Griffin

78,683,684

99.91

69,422

0.09

Claude Lamoureux

78,440,724

99.60

312,460

0.40

Jacques Martin

78,478,512

99.65

274,672

0.35

Monique Mercier

75,117,831

95.38

3,635,353

4.62

Danielle G. Morin

78,480,929

99.65

272,146

0.35

Marc Poulin

78,685,871

99.91

67,313

0.09

Denis Ricard

78,687,945

99.92

65,239

0.08

Louis Têtu

78,474,629

99.65

278,543

0.35

 

2. Appointment of External Auditor
Deloitte LLP was appointed as external auditor of the corporation.

 

Votes For

%

Votes Withheld

%

75,006,130

95.20

3,784,199

4.80

 

3. Advisory Vote on the Corporation's approach to Executive Compensation
The advisory resolution on executive compensation was approved.

 

Votes For

%

Votes Against

%

70,609,277

89.66

8,143,498

10.34

 

4. Shareholder Proposal No. 1
The Shareholder Proposal No. 1 with regards to the integration of environmental, social and governance (ESG) criteria in executive compensation was rejected.

 

Votes For

%

Votes Against

%

18,146,643

23.04

60,603,846

76.96

 

5. Shareholder Proposal No. 2
The Shareholder Proposal No. 2 with regards to director independence was rejected.

 

Votes For

%

Votes Against

%

2,367,775

3.01

76,383,800

96.99

 

6. Shareholder Proposal No. 3
The Shareholder Proposal No. 3 with regards to a diversity policy was withdrawn. As such, no vote was held on Shareholder Proposal No. 3.

For iA Insurance:

1. Election of Directors by Common Shareholders
Each of the nominees for the sole Common Shareholder listed in the Information document for Participating Policyholders was elected.

 

Name of Nominee

Votes For

%

Votes Withheld

%

Benoit Daignault

108,575,222

100

0

0

Nicolas Darveau-Garneau

108,575,222

100

0

0

Emma K. Griffin

108,575,222

100

0

0

Jacques Martin

108,575,222

100

0

0

Monique Mercier

108,575,222

100

0

0

Marc Poulin

108,575,222

100

0

0

Denis Ricard

108,575,222

100

0

0

 

2. Election of Directors by Participating Policyholders
Each of the following nominees for the Participating Policyholders was elected.   

 

Name of Nominee

Votes For

%

Votes Withheld

%

Agathe Côté

406

95.53

19

4.47

Claude Lamoureux

391

91.36

37

8.64

Danielle G. Morin

416

96.97

13

3.03

Louis Têtu

398

92.77

31

7.23

 

Final results for all matters voted on during the annual meeting will be submitted to Canadian securities administrators and will be available on SEDAR.com.

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 one of Canada's largest public companies 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 Industrial Alliance Insurance and Financial Services Inc.


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