BME shareholders
Corporate and Social
Responsibility Report 2013
BME
2.3. The general shareholders’ meeting as the
main channel for participation
As provided for under Spanish law, the primary vehicle
for shareholders to participate in the life of the company
is the General Shareholders’Meeting. BME considers that
this participation is a basic pillar for ascertaining share-
holders’ expectations and concerns. Moreover, through
the General Shareholders’ Meeting, the company’s
highest decision-making body, shareholders can express
their wishes and exercise their right to take part in the
decision-taking process in matters within their remit.
Therefore, to allow shareholders to perform the tasks and
exercise the rights corresponding to them, the company
actively encourages their participation in general meet-
ings, adopting the appropriate measures to achieve this
objective. Measures designed to encourage shareholder
participation include:
No limits on shareholder participation,
which means
any shareholder may attend meetings, speak and exer-
cise their right to vote, regardless of the number of
shares held. BME adheres to the “one share, one vote”
principle, a concept it regards as a basic element for
equality in its relationship with all shareholders.
Shareholders are provided with an attendance card
,
referenced to the shareholder register, so that they can
participate, as most suitable for them, in the General
Shareholders’Meeting.
The Shareholder e-Forum
, which facilitates commu-
nication among shareholders between the time the
General Shareholders’ Meeting is called and the date it
is held. On the occasion of the General Shareholders’
Meeting held on 30 April 2013, five shareholders regis-
tered in the e-Forum although no proposal was made.
Shareholders unable to attend meetings in person are
offered the possibility of taking part and exercising
their right to vote
, be represented and receive informa-
tion via remote means of communication (electronic
means or regular post).
Additionally, the General Shareholders’ Meeting is
broadcast live, in Spanish and in English, via a webcast
accessible
on the “Information for Shareholders and
Investors” section of the corporate website. For the
General Shareholders’ Meeting held on 30 April 2013
(second call), 385 shareholders tuned in via thewebcast
(315 in Spanish and 70 for the English interpretation).
The 2013 General Shareholders’ Meeting webcast was
also rebroadcast with a Spanish sign language inter-
pretation.
Participants in the General Meeting may speak person-
ally during the proceedings
, as the company is open
to receiving comments and opinions at that time. In
addition, any shareholder may request information or
express an opinion relating to the items on the agenda.
Quorum or total participants
Year
2011
2012
2013
Shareholders (Number)
4,667
5,042
5,615
Participants via remote
communication (total)
Participants via remote
communication (%)
Year
2011
2012
2013
2011
2012
2013
Number of Shareholders
4,017
4,366
4,927
86.07% 86.59% 87.75%
Remote voting (total)
Proxies (total)
By post
Electronic means
By post
Electronic means
Year
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Number of Shareholders
1,368 1,032 1,297
14
16
30 2,620 3,305 3,582
15
13
18
39
1...,29,30,31,32,33,34,35,36,37,38 40,41,42,43,44,45,46,47,48,49,...107