CALGARY, April 20, 2017 /CNW/ - TransAlta Corporation
(TSX: TA; NYSE: TAC) ("TransAlta" or the "Company") held its Annual
Meeting of Shareholders on April 20,
2017 in Calgary,
Alberta. A total of 126,567,006 common shares, representing
43.96% of the shares outstanding were represented in person and by
proxy at the meeting.
The following resolutions were considered by Shareholders:
1.
Election of Directors
The nine director nominees proposed by management were elected
by a show of hands. Proxies were received as follows:
|
Nominee
|
Votes
For
|
Per
cent
|
Withheld
|
Per
cent
|
|
John P.
Dielwart
|
118,657,429
|
97.71%
|
2,779,026
|
2.29%
|
|
|
|
|
|
|
Timothy W.
Faithfull
|
118,789,723
|
97.82%
|
2,646,732
|
2.18%
|
|
|
|
|
|
|
Dawn L.
Farrell
|
118,761,470
|
97.80%
|
2,674,985
|
2.20%
|
|
|
|
|
|
|
Alan J.
Fohrer
|
118,877,413
|
97.89%
|
2,559,042
|
2.11%
|
|
|
|
|
|
|
Gordon D.
Giffin
|
117,995,546
|
97.17%
|
3,440,909
|
2.83%
|
|
|
|
|
|
|
P. Thomas
Jenkins
|
106,516,301
|
87.71%
|
14,920,154
|
12.29%
|
|
|
|
|
|
|
Yakout
Mansour
|
118,794,450
|
97.82%
|
2,642,005
|
2.18%
|
|
|
|
|
|
|
Georgia R.
Nelson
|
106,023,523
|
87.31%
|
15,412,932
|
12.69%
|
|
|
|
|
|
|
Beverlee F.
Park
|
106,378,987
|
87.60%
|
15,057,468
|
12.40%
|
2.
Appointment of Auditors
The appointment of Ernst & Young LLP to serve as the
independent auditors for 2017 was approved by a show of
hands. Proxies were received as follows:
|
Votes
For
|
Per
cent
|
Withheld
|
Per
cent
|
|
124,293,545
|
98.33%
|
2,113,141
|
1.67%
|
3.
Advisory Vote on Executive Compensation
The advisory vote on the Company's approach to executive
compensation was conducted by ballot and the resolution was not
approved. The votes by ballot were received as follows:
|
Votes
For
|
Per
cent
|
Votes
Against
|
Per
cent
|
|
57,496,305
|
47.29%
|
64,097,750
|
52.71%
|
As this is an advisory vote, the results will not be binding
upon the Board; however, the Board will take the results of this
vote into account, as appropriate, when considering future
compensation policies, procedures and decisions. The Board
will also continue engaging directly with Shareholders to receive
feedback regarding the Company's approach to executive
compensation, and the Board will assess its future compensation
policies, procedures, and decisions in the context of such
feedback. The Company considers its approach to
executive compensation as being a significant component of its
broader corporate governance practices, which is generally
consistent with best practices and includes claw-back policies,
diversity policies, share ownership guidelines, anti-hedging
policies and equity grant controls.
About TransAlta:
TransAlta is a power
generation and wholesale marketing company focused on creating
long-term shareholder value. TransAlta maintains a low-to-moderate
risk profile by operating a highly contracted portfolio of assets
in Canada, the United States and Australia. TransAlta's focus is to efficiently
operate wind, hydro, solar, natural gas and coal facilities in
order to provide customers with a reliable, low-cost source of
power. For over 100 years, TransAlta has been a responsible
operator and a proud contributor to the communities in which it
works and lives. TransAlta has been recognized on CDP's Canadian
Climate Disclosure Leadership Index (CDLI), which includes
Canada's top 20 leading companies
reporting on climate change, and has been selected by Corporate
Knights as one of Canada's Top 50
Best Corporate Citizens and is recognized globally for its
leadership on sustainability and corporate responsibility standards
by FTSE4Good.
For more information about TransAlta, visit our web site at
transalta.com, or follow us on Twitter @TransAlta.
SOURCE TransAlta Corporation