Colliers Announces Voting Results
On April 5, 2023, Colliers International Group announced the successful election of its ten director nominees at the annual shareholder meeting.
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Rhea-AI Summary
On April 5, 2023, Colliers International Group announced the successful election of its ten director nominees at the annual shareholder meeting. The nominees were voted in by shareholders until the next annual meeting. Key voting results include Peter F. Cohen receiving 89.14% of the votes, while P. Jane Gavan saw a lower approval rate of 78.28%. Additionally, shareholders approved PricewaterhouseCoopers LLP as the auditor for the upcoming year and supported a non-binding advisory resolution on executive compensation. Colliers operates in 65 countries with annual revenues of $4.5 billion and manages $98 billion in assets.
Positive
- Ten director nominees elected for the upcoming term with significant support.
- Strong approval ratings for most directors, indicating shareholder confidence.
- Approval of reputable auditor PricewaterhouseCoopers LLP.
Negative
- P. Jane Gavan received only 78.28% approval, suggesting concerns among some shareholders.
Details
News Market Reaction – CIGI
The recorded move for CIGI in the trading session of this news was +1.41%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual meeting of shareholders held virtually on April 5, 2023, the ten director nominees listed in Colliers’ management information circular dated February 16, 2023 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| Peter F. Cohen | 55,969,064 | 6,819,315 | ||
| John (Jack) P. Curtin, Jr. | 55,479,340 | 7,309,039 | ||
| Christopher Galvin | 61,953,383 | 834,996 | ||
| P. Jane Gavan | 49,149,598 | 13,638,781 | ||
| Stephen J. Harper | 61,270,740 | 1,517,639 | ||
| Jay S. Hennick | 61,268,705 | 1,519,674 | ||
| Katherine M. Lee | 57,379,543 | 5,408,836 | ||
| Poonam Puri | 58,576,010 | 4,212,369 | ||
| Benjamin F. Stein | 57,442,677 | 5,345,702 | ||
| L. Frederick Sutherland | 61,331,803 | 1,456,576 |
In addition, shareholders approved: (a) the appointment of PricewaterhouseCoopers LLP as the auditor of Colliers for the ensuing year; and (b) a non-binding advisory resolution approving Colliers’ approach to executive compensation, in each case as disclosed in the Circular.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately
COMPANY CONTACT:
Christian Mayer
Chief Financial Officer
(416) 960-9500
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