Zurich-based asset management firm GAM has elected Monica Maechler to the board of directors at its annual general meeting on 26 April 2018.
She has previously been a board member for both Zurich Insurance Group and Deutsche Börse, as well as vice chair of the board at FINMA.
The company’s shareholders have also renewed the mandates for the board’s chairman Hugh Scott-Barrett, Diego du Monceau, Nancy Mistretta, Ezra S. Field, Benjamin Meuli and David Jacob.
Scott-Barrett said: ‘We are committed to ensuring the alignment of remuneration with the long-term performance of our business and shareholder interests, while focusing on transparency and sound risk management.
‘We introduced extensive changes to the group's compensation policies and structures in 2017 following a comprehensive review in consultation with shareholders. Since the publication of the compensation report last month, we have received a number of suggestions with regard to further potential improvements, which the compensation committee will consider carefully.’
The shareholders have also approved a dividend of CHF 0.65 per share for 2017, which remains the same as last year.