BN:CC - Brookfield Corporation Announces Results of Annual and Special Meeting of Shareholders
BROOKFIELD, NEWS, June 12, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that all seven nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all seven nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual and special meeting of shareholders held on June 9, 2023 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of Class A Shares in regard to the election of the seven directors nominated by this shareholder class:
| Director Nominee |
| Votes For |
| % |
| Votes Withheld |
| % |
| M. Elyse Allan |
| 1,059,022,004 |
| 99.40 |
| 6,437,435 |
| 0.60 |
| Angela F. Braly |
| 1,058,854,433 |
| 99.38 |
| 6,605,006 |
| 0.62 |
| Janice Fukakusa |
| 1,050,599,675 |
| 98.61 |
| 14,859,764 |
| 1.39 |
| Maureen Kempston Darkes |
| 1,012,380,185 |
| 95.02 |
| 53,079,254 |
| 4.98 |
| Frank J. McKenna |
| 924,778,987 |
| 86.80 |
| 140,680,452 |
| 13.20 |
| Hutham S. Olayan |
| 1,060,455,241 |
| 99.53 |
| 5,004,198 |
| 0.47 |
| Diana L. Taylor |
| 1,004,437,315 |
| 94.27 |
| 61,022,124 |
| 5.73 |
Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the seven directors nominated by this shareholder class:
| Director Nominee |
| Votes For % |
| Jeffrey M. Blidner |
| 100.0 |
| Jack L. Cockwell |
| 100.0 |
| Bruce Flatt |
| 100.0 |
| Brian D. Lawson |
| 100.0 |
| Howard S. Marks |
| 100.0 |
| Rafael Miranda |
| 100.0 |
| Lord O’Donnell |
| 100.0 |
A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.
About Brookfield Corporation
Brookfield Corporation (NYSE: BN, TSX: BN) is focused on compounding capital over the long term to earn an annualized return of 15%+ for our shareholders.
Today, our capital is deployed across three businesses – Asset Management, Insurance Solutions and our Operating Businesses, generating substantial and growing free cash flows, all of which is underpinned by a conservatively capitalized balance sheet.
We employ a disciplined investment approach, leveraging our global reach and the scale and flexibility of our capital, to identify proprietary opportunities to invest on a value basis. We then utilize our deep operating expertise, based on our 100+ year history as an owner and operator of real assets, to grow cash flows and create value in each of our businesses to generate strong risk-adjusted returns across market cycles.
For more information, please contact:
| Communications & Media Kerrie McHugh Hayes Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com |
| Investor Relations Linda Northwood Tel: (416) 359-8647 Email: linda.northwood@brookfield.com |