Sage Group Plc - AGM 25 February 2020
Items 4-11: The Board welcomed three non-executive Directors: Jonathan Bewes, Annette Court and Dr John Bates, who have experience across finance, corporate strategy and technology. Soni Jiandani has decided not to stand for re-election at the 2020 AGM. Also, Blair Crump, President and Executive Director, will retire from the Board at the 2020 Annual General Meeting and will leave the Company on 31 March 2020.
Item 7: The Chairman of the Board Sir Donald Brydon also chairs the Nomination Committee. The Board's gender diversity does not respect our guidelines and market practice: the Board of directors comprises only 25% of women while our requested minimum is 30% and FTSE100 average is 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, in line with ECGS policy, we recommend to oppose the re-election of the Chairman of the Nomination Committee considered responsible for the lack of the Board diversity.
Sage Group is a technology provider that assists to manage businesses of all sizes. Co. provides a suite of cloud business management solutions and services including accounting, financials, enterprise management, people, payroll, payments and banking, as well as marketplace apps that can be provisioned to match the exact needs of any business. Co. has three reportable segments in which it operates, being Northern Europe (the U.K. and Ireland), Central and Southern Europe (Germany, Switzerland, Poland, France and Portugal) and NorthAmerica (the U.S., Canada and North America Intacct).
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