Kerry Group – AGM 30 April 2020
Item 3.k Re-election of Philip Toomey
Philip Toomey chairs the Nomination Committee while the gender diversity does not respect our guidelines and market practice: the Board's female diversity is only 27% compared to our requested minimum of 30% and FTSE 100 average of 32.1%. The UK Code recommends that due regard should be taken to promote diversity of gender, social and ethnic backgrounds, cognitive and personal strengths. There has been no progress in gender diversity. Consequently, ECGS recommends to oppose the re-election of the Chairman of the Nomination Committee considered responsible for the lack of the Board diversity.
Item 5: Remuneration report
ECGS recommends approval of the proposed remuneration. It sufficiently aligns executive remuneration and shareholdersnlong-term interests, adheres to evolving best practice and assures that remuneration outcomes are appropriate in the context of the companyns overall performance. Despite the base salary above the medians, the CEO has a modest amount of benefits and his total remuneration is in line with peers.
Kerry Group is an international food corporation. Co. is engaged in ingredients and flavor technologies serving the food, beverage and pharmaceutical industries and is also a consumer foods processor and supplier in selected European Union (EU) markets. Co. has two operating segments: Ingredients & Flavors, and Consumer Foods. The Ingredients & Flavors operating segment is engaged in manufactures and distributes application specific ingredients and flavors spanning a number of technology platforms; and Consumer Foods segment is engaged in manufactures and supplies added value brands and customer branded foods primarily to the Irish and U.K. markets.
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