Colliers Announces Voting Results

Rhea-AI Summary

On April 5, 2023, Colliers International Group announced the successful election of its ten director nominees at the annual shareholder meeting. The nominees were voted in by shareholders until the next annual meeting. Key voting results include Peter F. Cohen receiving 89.14% of the votes, while P. Jane Gavan saw a lower approval rate of 78.28%. Additionally, shareholders approved PricewaterhouseCoopers LLP as the auditor for the upcoming year and supported a non-binding advisory resolution on executive compensation. Colliers operates in 65 countries with annual revenues of $4.5 billion and manages $98 billion in assets.

Positive

• Ten director nominees elected for the upcoming term with significant support.
• Strong approval ratings for most directors, indicating shareholder confidence.
• Approval of reputable auditor PricewaterhouseCoopers LLP.

Negative

• P. Jane Gavan received only 78.28% approval, suggesting concerns among some shareholders.

TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual meeting of shareholders held virtually on April 5, 2023, the ten director nominees listed in Colliers’ management information circular dated February 16, 2023 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Peter F. Cohen	55,969,064	89.14%	6,819,315	10.86%
John (Jack) P. Curtin, Jr.	55,479,340	88.36%	7,309,039	11.64%
Christopher Galvin	61,953,383	98.67%	834,996	1.33%
P. Jane Gavan	49,149,598	78.28%	13,638,781	21.72%
Stephen J. Harper	61,270,740	97.58%	1,517,639	2.42%
Jay S. Hennick	61,268,705	97.58%	1,519,674	2.42%
Katherine M. Lee	57,379,543	91.39%	5,408,836	8.61%
Poonam Puri	58,576,010	93.29%	4,212,369	6.71%
Benjamin F. Stein	57,442,677	91.49%	5,345,702	8.51%
L. Frederick Sutherland	61,331,803	97.68%	1,456,576	2.32%

In addition, shareholders approved: (a) the appointment of PricewaterhouseCoopers LLP as the auditor of Colliers for the ensuing year; and (b) a non-binding advisory resolution approving Colliers’ approach to executive compensation, in each case as disclosed in the Circular.

About Colliers 

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

COMPANY CONTACT:

Christian Mayer
Chief Financial Officer
(416) 960-9500

FAQ

What were the results of Colliers' annual meeting on April 5, 2023?

Colliers announced that all ten director nominees were elected with varying levels of support.

What percentage of votes did Peter F. Cohen receive during the Colliers election?

Peter F. Cohen received 89.14% of the votes in favor of his nomination.

Who was appointed as the auditor for Colliers in 2023?

PricewaterhouseCoopers LLP was approved as the auditor for the upcoming year.

What is the financial performance of Colliers International Group?

Colliers has annual revenues of $4.5 billion and manages $98 billion in assets.

Did shareholders approve executive compensation at Colliers' annual meeting?

Yes, shareholders approved a non-binding advisory resolution on executive compensation.