The Société Générale Marocaine de Banques (SGMB) has called its shareholders to attend an Ordinary General Assembly (OGA) on Monday, January 13, 2025, at 10:00 AM. The meeting will take place at the bank’s headquarters on 55 Abdelmoumen Boulevard in Casablanca, marking a critical juncture in the institution’s governance journey.
A focus on governance transformation
One of the pivotal items on the agenda is the restructuring of SGMB’s Supervisory Board. The meeting will officially confirm the resignation of eight outgoing members: Bruno Delas, François Bloch, Laurent Saucié, Ingrid Bocris, Jean-Luc Parer, Caroline Zanaret-Giros, Khalida Azbane, and Abdel Aziz Thiam.
In their place, the assembly will ratify eight new members who have been provisionally appointed, including high-profile figures such as Moulay Hafid Elalamy, Moulay M’Hamed Elalamy, Fadwa Ben Saad, Amine Lahrichi, and Abdelhalim Fadil. Additionally, the OGA will deliberate on the nomination of Otmane Serraj as a Supervisory Board member for a four-year term, enhancing the expertise and strategic vision within the bank’s leadership.
Key resolutions on the table
Shareholders will vote on three main resolutions:
- Approval of resignations and appointments: The OGA will validate the resignation of outgoing members and confirm the provisional appointments of their replacements. Quitus will also be granted for the past mandates of the outgoing members.
- New nomination: Otmane Serraj’s formal inclusion in the Supervisory Board is expected to inject fresh strategic insight into the bank’s governance.
- Legal formalities: The shareholders will empower an authorized representative to handle all legal formalities required to implement the decisions taken at the assembly.
Shareholder participation and governance evolution
In compliance with Law No. 17-95 governing joint-stock companies, shareholders may propose additional resolutions for the agenda. Proposals must be submitted via registered mail with acknowledgment of receipt within ten days following the official meeting announcement.
This OGA underscores SGMB’s commitment to enhancing its governance framework in response to a dynamic economic landscape. Shareholders will play a pivotal role in approving strategic changes that aim to fortify the bank’s decision-making processes and adapt its leadership to evolving market demands.
Looking ahead
The January 2025 General Assembly promises to be a transformative moment for Société Générale Morocco. By implementing these changes, the bank aims to solidify its governance and position itself for long-term success in an ever-evolving financial ecosystem. Shareholders’ active involvement will be crucial in shaping this new chapter for one of Morocco’s leading financial institutions.
