Blog Archives

Phitrust Active Investors questions CARREFOUR and RENAULT about governance

Written questions at the Annual General Meetings of Carrefour and Renault to be held on June 15th      In addition to Phitrust’s campaign on the « Science Based Targets » initiative, in which Carrefour and Renault are both committed, the Mutual

Posted in News @en Tagged with: , ,

Paris Climate Agreement tabled at the agenda of next SHELL AGM : our voting recommendation

SHELL Shareholders are asked to approve a shareholder proposal submitted by Follow This  requesting that the Company set and publish targets that are aligned with the goal of the Paris Climate Agreement to limit global warming to below 2 degrees.

Posted in News @en Tagged with: , , , ,

Back to equal shareholders rights at SIKA (Switzerland)

Proxinvest Swiss partner within Expert Corporate Governance Service Ltd. (ECGS), Ethos,  is very satisfied that an overall agreement has been signed between the board of directors of Sika, the Burkard family and Saint-Gobain to the benefit of all parties concerned

Posted in News @en Tagged with: , , , ,

Disney shareholders reject CEO Iger’s pay package

Walt Disney Co. shareholders turned an authoritative thumbs down in an advisory vote on the company’s rich executive pay plan, which delivered $36.3 million to Chief Executive Officer Bob Iger and is likely to reward him even more in fiscal

Posted in Uncategorized Tagged with:

IPO : DSW calls for independent supervisory board for DWS KGaA

The plans for the IPO of the asset management subsidiary of Deutsche Bank (DWS) are becoming more and more dense. The IPO is about to be launched but the legal governance structure of KGaA (Komandit) in Germany or SCA (Commandite

Posted in ECGS - Europe @en, Engagement @en, News @en Tagged with: , , , , ,

Sodexo General Meeting : Phitrust submits three written questions

Phitrust has submitted three written questions for the Sodexo General Meeting of the 23rd January of 2018.

Posted in News @en Tagged with: ,

Pernod-Ricard : riding high on the coattails of strong financial results

On November 9, shareholders gathered within the walls of the vast Salle Pleyel in Paris’ chic 8th arrondissment. The storied Art Deco concert hall, home of the Orchestre de Paris, played host to the Annual General Meeting (AGM) of famed

Posted in General Meetings, News @en Tagged with: , , , ,

Launch of Consultation : Best Practice Principles Group for Shareholder Voting Research

A consultation was launched today seeking views from investors and companies on whether the Best Practice Principles for Shareholder Voting Research and Analysis have been effective in ensuring the integrity and efficiency of the services provided by proxy advisors. The

Posted in Financial markets, News @en, Proxinvest Tagged with: ,

Havas-Vivendi marriage: Vincent Bolloré’s quest to create a media powerhouse

Following ECGS client request, Proxinvest team wrote a note about the acquisition of Havas by Vivendi which questions the financial and strategic aspects.  

Posted in ECGS - Europe @en, Legal issues, M&A Tagged with: , , ,

Ethos News: Yes on more transparency to consultancy mandates of proxy advisors

Ethos, the Swiss partner of Proxinvest within Expert Corporate Governance Services (ECGS), the unique European partnership of independent proxy advisory firms, has just released its response to the consultation of the SIX Swiss Exchange on revision of the Corporate Governance

Posted in Financial markets, General Meetings Tagged with: , , , ,

Say No to CEO’s 59% remuneration increase at VALEO

How should shareholders vote when a company has excellent financial performance, good transparency on executive remuneration but whose total compensation for the Chairman-CEO goes from € 3.3m in 2015 to € 5.3m in 2016, i.e. + 59%? Simply say NO

Posted in News @en Tagged with: , , ,

Shareholder engagement for aligning SHELL with the Paris Climate Agreement

On the 23rd of May 2017, SHELL Shareholders will be asked to approve a shareholder proposal submitted by Follow This to request the board to set and publish targets for reducing greenhouse gas emissions that are aligned with the goal

Posted in ECGS - Europe @en, Engagement @en, General Meetings, News @en

Vivendi shareholders tackle Vincent Bolloré at the AGM

The extraordinary grip over all of his asset  by Vincent Bolloré was confirmed during the general meeting of Vivendi on 25 April by the adoption of all the resolutions, notably thanks to the double voting right and following very questionable threats against

Posted in Compensations, ECGS - Europe @en, General Meetings, Governance-BOD, Legal issues, News @en Tagged with: , ,

Best Practice Principles Group for Shareholder Voting Research announces Principles Review, Independent chairman

Proxinvest and the other charter signatories to the Best Practice Principles for Shareholder Voting Research & Analysis (the “BPP Group”) announced that the Principles will be reviewed by the end of 2017 following a public consultation overseen by Chris Hodge,

Posted in News @en Tagged with: ,

Accor’s Board unanimously maintains its double voting right: Proxinvest withdraws its support advice on Nicolas Sarkozy as independent director  and on Sébastien Bazin as Chairman & CEO of Accor.

 

Posted in Compensations, Engagement @en, General Meetings, Legal issues, News @en Tagged with: , , , , ,