The proposal presented by the Board of Directors of Jerónimo Martins to the General Shareholders' Meeting, held this morning, to amend the Company's statutes to make it possible for part of the annual net profits or part of the existing free reserves to be allocated to the annual endowment of the newly created Fundação Jerónimo Martins (Foundation) received more than 550 million votes in favor.
This is an unequivocal and very expressive approval of the logic of sharing results with other interested parties in addition to the shareholders that the creation of the Foundation represents, within the scope of Jerónimo Martins' corporate responsibility.
Established on 19 March with an initial endowment of 40 million euros, the Jerónimo Martins Fundação (Foundation) will develop its mission among the Group's employees and their families and, in addition, the community in general, especially in response to vulnerable socioeconomic situations. Its activity will focus on the areas of health and well-being, prevention and eradication of poverty, promotion of education, employment and professional training, protection in old age and disability and support for families, children and young people.