The Board of Directors decided, on 5 June 2012, to submit a proposal to the Board of Governors for the renewal of the term of office of Mr Simon Brooks as Vice-President and Member of the Management Committee, for a further period of six years commencing on 1st July 2012.

The written procedure inviting the Board of Governors to vote on the proposed renewal was launched on 7 June 2012.

The decision to reappoint Mr BROOKS was taken on 27 June 2012, the date on which the requisite majority of votes was reached. The term of office of Mr Brooks has therefore been renewed as from 1st July 2012.