Blog Archives

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

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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: , , , , ,

Credit Suisse : Ethos demands changes to the composition of the Board

In the run-up to the general meeting of Credit Suisse on 28 April 2017, Ethos opposes the re-election of several board members as well as the discharge of the board. In addition, in light of the poor results and the

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

Proxinvest joins investor group to urge SEC not to delay CEO pay ratio disclosure

In the U.S. the CEO-to-worker compensation ratio increased from 20 to more than 300 over the last 50 years (1965-2014) according to the Economic Policy Institute. Mandated by the 2010 Dodd-Frank law, the requirement to disclose CEO pay ratio went

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Oh SNAP! This time you ‘ll get no value either!

SNAP Inc., owner of the budding social media platform snapchat, went public capturing the imagination of investors. Snap had planned to  raise an estimated $3 billion from its IPO, and the IPO $ 17 price  valued the company 34 time

Posted in Compensations, Financial markets, Governance-BOD, News @en Tagged with: ,

Oh SNAP!   This time you get no voting power!

SNAP Inc., owner of the budding social media platform snapchat, has announced plans to go public capturing the imagination of investors following a year of abysmal technology IPOs in 2016. With plans to raise an estimated $3 billion from its

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

Ous swiss partner ETHOS launches the first swiss stock exchange index dedicated to corporate governance

In the follow-up to its 20th anniversary, our Swiss partner, the Ethos Foundation, launches a new stock exchange index dedicated to corporate governance at Swiss companies. In collaboration with the Swiss Stock Exchange (SIX Swiss Exchange), Ethos publishes the “Ethos

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Proxy Season 2017 in France: More responsibility for shareholders in taming executive pay

French website/database Hebdo des AG organized its annual roundtable this week to discuss the fast approaching 2017 proxy season. The roundtable brings together representatives of leading proxy advisors to voice their concerns and expectations in front of an audience that

Posted in Compensations, ECGS - Europe @en, Financial markets, General Meetings, News @en, Proxinvest