H. Lundbeck - AGM 24 March 2020
In general, H. Lundbeck ("Lundbeck") is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting.
Under ITEMS 4.1 - 4.6 the (re-)election of the board of directors is proposed.
In view of concerns over aggregate time commitments as well as other concerns, ECGS normally would have recommended opposition to the re-election of: Messrs. Lars Søren Rasmussen (ITEM 4.1), Lars Erik Holmqvist (ITEM 4.3), Jeremy Max Levin (ITEM 4.4) and Mr. Jeffrey Berkowitz (ITEM 4.5). However, considering that the proxy card does not permit this, it recommends abstention instead.
Under ITEM 7.2 approval is sought for the Company's remuneration policy. ECGS notes that the proposed policy is NOT in accordance with its guidelines. Accordingly, ECGS recommends to vote OPPOSE.
H. Lundbeck develops, produces and markets drugs for treating diseases of the central nervous system. Products include antidepressants for the treatment of depression, panic disorder, and prevention of relapse/recurrence. Antipsychotic products for psychotic disorders; schizophrenia, anxiety, restlessness and insomnia; treatment of psychotic disorders; acute psychotic episodes, exacerbation of psychotic disorders. Co.'s products inclue Cipralex®/Lexapro® for the treatment of depression and anxiety; Ebixa® for the treatment of Alzheimer's disease; Azilect® for the treatment of Parkinson's disease; Xenazine®, Sabril®, Saphris® Sycrest®, Onfi, and other.
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