MONTREAL, Feb. 24, 2012 /CNW Telbec/ - Laurentian Bank of Canada (TSX:
LB) announced the publication and distribution of its annual meeting of
shareholders notice and management proxy circular today. This document
is available on SEDAR, as well as in the Investor Relations section of
the Bank's Web site.
The annual meeting of Laurentian Bank shareholders will be held on March
20, 2012 in Montréal. The circular contains all the information
necessary for shareholders to be able to exercise their voting rights.
In accordance with regulations, the circular provides a complete review
of the compensation programs offered to the Bank's executive officers
and Board members. In addition, it outlines the objectives sanctioned
by the Board of Directors in the area of executive officer
compensation, which are aimed at continuously promoting the alignment
of the interests of officers with those of shareholders through
compensation plans and at assuring transparency with respect to the
management of executive compensation.
Laurentian Bank shareholders will receive the financial statements for
the fiscal year ended October 31, 2011 and will be invited to vote on
the appointment of the Auditor, on the compensation of executive
officers, as well as on certain shareholders proposals.
Shareholders will be electing 13 Directors. The candidacy of Ms.
Michelle R. Savoy is being presented for the first time. Over the
course of her 25-year career, Ms. Savoy has acquired extensive
expertise in the financial industry, including investment management
and capital markets. The 12 other candidates who are currently members
of the Board are:
Pierre Anctil, President and CEO, Fiera Axium Infrastructure Inc.
Lise Bastarache, Economist and Corporate Director
Jean Bazin, Q.C., Counsel with Fraser Milner Casgrain LLP
Richard Bélanger, FCA, President, Toryvel Group Inc.
Isabelle Courville, President, Hydro-Québec Distribution
L. Denis Desautels, O.C., FCA, Chartered Accountant and Corporate
Pierre Genest, Chairman of the Board, SSQ Life Insurance Company Inc.
Michel Labonté, Corporate Director
Jacqueline C. Orange, Corporate Director
Marie-France Poulin, Vice-President, Camada Group Inc.
Réjean Robitaille, FCA, President and CEO, Laurentian Bank
Jonathan I. Wener, C.M., Chairman of the Board, Canderel Management Inc.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services.
Distinguishing itself through excellence in service, as well as through
its simplicity and proximity, the Bank serves individual consumers and
small and medium-sized businesses. The Bank also offers its products to
a wide network of independent financial intermediaries through B2B
Trust, as well as full-service brokerage solutions through Laurentian
Laurentian Bank is well established in the Province of Québec, operating
the third-largest retail branch network. Elsewhere throughout Canada,
it operates in specific market segments where it holds an enviable
position. Laurentian Bank of Canada has more than $24 billion in
balance sheet assets and more than $35 billion in assets under
administration. Founded in 1846, it has been selected among the Québec and Atlantic Canada regional
winners of the 2011 edition of Canada's 10 Most Admired Corporate
CulturesTM program presented by Waterstone Human Capital. The Bank employs close to 3,700 people.
SOURCE LAURENTIAN BANK OF CANADA
For further information:
Public Affairs, Communications and Investor Relations
514 284-4500, extension 7511