TITLE

Loyalty plan is canned

AUTHOR(S)
Beacham, Will
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business Americas;4/2/2007, Vol. 271 Issue 13, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the Enterprise section of the Amsterdam Court of Appeals that forced DSM to abandon its shareholder loyalty dividend program. The court said that the proposed plan violated the principle of equality. The plan would have allowed DSM shareholders for at least three years to register for a loyalty bonus of 30% of the average dividend for the past three years, and 10% per year thereafter. DSM Chairman Peter Elverding said that he would withdraw the proposal.
ACCESSION #
24738408

 

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