Marsh McLennan stockholders re-elect Board of Directors during 2024 meeting

Rhea-AI Summary

Marsh McLennan (NYSE: MMC), a leading professional services firm, announced the results of its 2024 Annual Meeting of Stockholders.

All 11 director nominees were elected for a one-year term, including Anthony K. Anderson, John Q. Doyle, and others. Ray G. Young and Bruce P. Nolop did not seek re-election, with Nolop retiring after 16 years of service.

Stockholders ratified Deloitte & Touche LLP as the independent public accounting firm for 2024 and approved the executive compensation by non-binding vote. A proposal for stockholder action by written consent was rejected.

An audio webcast of the meeting will be available on Marsh McLennan's website.

Positive

• All 11 director nominees were successfully elected, ensuring leadership continuity.
• Deloitte & Touche LLP was ratified as the independent accounting firm, maintaining financial oversight.
• Executive compensation was approved by stockholders, which can be seen as a vote of confidence in the company's leadership.

Negative

• Ray G. Young and Bruce P. Nolop did not seek re-election, indicating potential shifts or gaps in board experience.
• Stockholders rejected the proposal to act by written consent, possibly reflecting governance issues or shareholder dissatisfaction.

NEW YORK--(BUSINESS WIRE)-- Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people, today announced the results of its 2024 Annual Meeting of Stockholders.

Stockholders elected the entire slate of 2024 director nominees for a one-year term expiring at next year’s annual meeting. The 11 directors are: Anthony K. Anderson, John Q. Doyle, Oscar Fanjul, H. Edward Hanway, Judith Hartmann, Deborah C. Hopkins, Tamara Ingram, Jane H. Lute, Steven A. Mills, Morton O. Schapiro and Lloyd M. Yates. Ray G. Young and Bruce P. Nolop did not stand for re-election. Mr. Nolop retired from the Board after 16 years of service.

Stockholders also ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024; approved, by non-binding vote, the compensation of the Company's named executive officers; and rejected the stockholder proposal to act by written consent.

An audio webcast of the Marsh McLennan 2024 Annual Meeting will be available at marshmclennan.com tomorrow.

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in over 130 countries. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516949488/en/

Media Contact:

Amelia Woltering

Marsh McLennan

+1 347.703.5358

amelia.woltering@mmc.com

Source: Marsh McLennan

FAQ

What was the outcome of Marsh McLennan's 2024 Annual Meeting?

All 11 director nominees were elected, Deloitte & Touche LLP was ratified as the independent accounting firm, executive compensation was approved, and a proposal for stockholder action by written consent was rejected.

Who are the new directors elected at Marsh McLennan's 2024 Annual Meeting?

The elected directors are Anthony K. Anderson, John Q. Doyle, Oscar Fanjul, H. Edward Hanway, Judith Hartmann, Deborah C. Hopkins, Tamara Ingram, Jane H. Lute, Steven A. Mills, Morton O. Schapiro, and Lloyd M. Yates.

Which directors did not seek re-election at Marsh McLennan's 2024 meeting?

Ray G. Young and Bruce P. Nolop did not seek re-election, with Nolop retiring after 16 years of service.

Was Deloitte & Touche LLP ratified as the independent accounting firm for Marsh McLennan in 2024?

Yes, Deloitte & Touche LLP was ratified as the independent public accounting firm for 2024.

Did stockholders approve the executive compensation at Marsh McLennan's 2024 meeting?

Yes, the executive compensation was approved by a non-binding vote.

Was the proposal for stockholder action by written consent approved at Marsh McLennan's 2024 meeting?

No, the stockholder proposal to act by written consent was rejected.