The group plans to demerge Smiths Medical by the end of the first half of CY2020 to create two stronger industry-leading companies with distinct strategies and focus.
Item 2: the remuneration policy received high shareholder dissent at the 2018 AGM: 16.9% of the vote cast against and 8.1% abstained. The remuneration report had lower contestation: 5.5% against and 10% abstain. Several improvements are made based on feedback from major investors and shareholders.
Elections to the Board: the board's key committees all consist of all non-executive directors with one exception. This is a very particular interpretation of the best practice requiring separate and focused key committees consisting of 3 or 4 independent members.
Item 14: KPMG replaces PwC, the company's auditor during the last 22 years.
Smiths Group is a global technology company. Co. is organized into five divisions: John Crane, which provides mechanical seals, seal support systems, engineered bearings and power transmission couplings; Smiths Medical, which provides infusion systems and vascular access products; Smiths Detection, which provides sensors and systems that detect and identify explosives narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect, which provides electronic and radio frequency board-level and waveguide devices; and Flex-Tek, which provides engineered components flexible hosing and tubing that heat and move fluids and gases.
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