Industrial Alliance to Adopt Advisory Vote on Executive Compensation
The Board of Directors of Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance" or "the Company") today announced during its annual general meeting that it will provide shareholders with a non-binding, advisory vote on executive compensation. The first vote will be held at next year’s annual meeting.
"The Board of Directors is pleased to give shareholders the chance to register their views on all elements of executive compensation," said John LeBoutillier, Chairman of the Board at Industrial Alliance. "Although the Company already follows the best practices for compensation and compensation disclosure, good governance continues to evolve, and Industrial Alliance’s Board is pleased to allow shareholders to express their point of view on questions important to Company operations."
Industrial Alliance’s annual meeting was held this afternoon at the Company’s head office on the Grande Allée, in Quebec City.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. The fourth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group, which has operations across Canada as well as in the Western United States. Industrial Alliance contributes to the financial wellbeing of over three million Canadians, employs more than 3,400 people and manages and administers over $49 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.
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Vice-President, Investor Relations
Office phone: 418 684-5275