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Tag Archives: Jan Jenisch
Swiss specialty chemical company SIKA AG’s board restricted the voting rights of Schenker-Winkler Holding (SWH) to 5 percent of all registered shares, thwarting the Burkard family-owned company’s attempt to remove the board chairman and several board members during the extraordinary shareholders meeting held Friday. In a repeat of what occurred at annual general shareholders meeting in April, compensation for the members of the board was rejected for the “current term of office.” SWH retained its majority voting rights on this topic.
Though an uncertainty remains around the bid by French conglomerate Saint-Gobain to take over a majority interest in Sika AG, the Swiss specialty chemical company reports it has achieved “the best result in the company’s history” for full-year 2014, according to its financial report.