Annual Report 2011 - Hong Kong Monetary Authority

Elections as per our Articles of Association
The terms of two directors, E. Trevor Salathé and Jacques-
André Reymond, expire on the date of the 2012 General
Meeting. We propose that they be re-elected for the respective
periods prescribed in article 19 of the Bank’s
Articles of Association.
We further propose that Benjamin de Rothschild, Ariane de
Rothschild and Veit de Maddalena be re-elected for the
three-year term provided in our Articles of Association.
Manuel Dami has decided not to seek a new term as a
director. We wish to thank him for his valuable contribution
to the work performed by the Board of Directors and for
his astuteness as the Board’s Secretary.
Nor will John Alexander, Walter Blum Gentillomo or Guy Wais
seek re-election as directors. We wish to thank them as well
for their dedication as Board members over the years.
We propose that two new directors, Rajna Gibson Brandon
and Claude Messulam, be elected for the three-year term
provided in the Articles of Association.
Ms Gibson Brandon is a tenured Professor of Finance at
the University of Geneva who holds a PhD in Economic
and Social Sciences. Among other offices she served as
a member of the Federal Banking Commission from
January 1997 to December 2004. Mr Messulam is a former
Chief Executive Officer of Banque Privée Edmond de
Rothschild SA, Geneva.
Finally, we propose that for 2012 PricewaterhouseCoopers SA
be re-appointed as the Independent Auditors of the Bank
and the Group.
FINANCIAL REPORT BPER ACCOUNTS 105