This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Laurentian Bank Releases Its Management Proxy Circular

MONTREAL, Feb. 11, 2013 /CNW Telbec/ - Laurentian Bank of Canada (LB:TO) released its management proxy circular today in view of its annual and special meeting of shareholders to be held in Montréal this coming March 19. The Circular is available on SEDAR, as well as in the Investor Relations section of the Bank's Internet site. The notice of meeting, Circular, and related documents will be sent out to shareholders in the coming days. The Circular contains all the necessary information to enable shareholders to exercise their voting rights.

Changes to the Board's Chair After serving as director of the Bank for 11 years, including 10 as Chairman, Mr. Denis L. Desautels has decided to step down, effective after the next shareholders' meeting.

Mr. Réjean Robitaille, President and CEO, had the following comments regarding Mr. Desautel's departure: "We have been privileged to be able to count on a man of Mr. Desautels' calibre for all these years. Over the course of that period, which saw the Bank reposition itself and very significantly increase its financial performance, he played an important role in the evolution of our institution. Consistently committed to acting in the best interest of all stakeholders, his invaluable guidance and leadership were instrumental in paving the way for the Bank's decisions."

Considering Mr. Desautels' departure, and to comply with the fixed number of Directors set out in the Bank's general by-laws, the Bank has proposed Mr. Michel Lavigne as nominee. A Fellow of the Ordre des comptables professionnels agréés du Québec, Mr. Lavigne was a partner at Raymond Chabot Grant Thornton and served as its President and CEO from 2001 to 2005. In light of the foregoing, the 13 director nominees are the following:

  • Pierre Anctil, President and CEO, Fiera Axium Infrastructure Inc.
  • Lise Bastarache, Economist and Corporate Director
  • Jean Bazin, Q.C., Counsel with Fraser Milner Casgrain LLP
  • Richard Bélanger, FCA, President, Toryvel Group Inc.
  • Isabelle Courville, Corporate Director
  • Pierre Genest, Chairman of the Board, SSQ Life Insurance Company Inc.
  • Michel Labonté, Corporate Director
  • Michel Lavigne, FCPA, CPA, Corporate Director
  • Jacqueline C. Orange, Corporate Director
  • Marie-France Poulin, Vice-President, Camada Group Inc.
  • Réjean Robitaille, FCA, President and CEO, Laurentian Bank
  • Michelle R. Savoy, Corporate Director
  • Jonathan I. Wener, C.M., Chairman of the Board, Canderel Management Inc.




1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs