Blog Archives

ECB legitimate worry about governance : an open letter to Danièle Nouy

While the future of Deutsche Bank worries the ECB following the departure of the CEO John Cryan replaced by Christian Sewing, Société Générale must seek a new Deputy CEO to replace Didier Valet. Société Générale, after its participation in the

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21st Proxinvest Report on General Meetings and Shareholder Activism – Proxy Season 2017

Press Release   21st Proxinvest Report on General Meetings and Shareholder Activism – Proxy Season 2017   Paris, November 29th 2017   Proxy Season 2017 represented a milestone for shareholders in France: a record number of rejected resolutions, an accelerated

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Solocal Group’s CEO and Chairman ousted by shareholders

  The commitment of two modest indivisual shareholders at the beginning of May, Pierre-Henri Leroy, the chairman of Proxinvest,and of his wife, with only 12,000 shares corresponding to € 13,000 euros, was enough to trigger this major change. This had been

Posted in Compensations, Engagement @en, General Meetings

Renault entertains a Superbonus scheme project

In an article dated June 13 2017,  just two days before the Renault AGM in Paris, Reuters revealed that the French group was contemplating a special bonus plan designed by investment banker Ardea “to channel millions of euros in additional undisclosed bonuses

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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

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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.

 

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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

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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

Publication of the 18th edition of Proxinvest’s Report “A Review of CEO Compensation in the SBF 120 index”

Publication of the 18th edition of Proxinvest’s Report “A Review of CEO Compensation in the SBF 120 index”   Paris, 9 November 2016 A record year for compensation in France Our report on CEO compensation in 2015 revealed record compensation

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Proxinvest on Carlos Ghosn pay on prime TV program

http://www.francetvinfo.fr/replay-magazine/france-2/complement-d-enquete/video-complement-d-enquete-carlos-ghosn-un-patron-en-or_1803147.html   The Chairman of Proxinvest, following the failure of the Renault Say on Pay vote on the Carlos Ghosn partly disclosed € 15 million package, was interviewed for the Complément d’Enquête T.V. program.   It was an opportunity to stress

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The French parliament adopts the binding the annual Say on Pays vote

The French National Assembly adopted June 14, 2016 a bill making mandatory and binding the annual shareholder vote on the remuneration and benefits of listed companies managing directors. While the Senate could possibly scale down this law, we consider appropriate to

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WPP : Sir Martin Sorrel draws shareholder ire

Shareholder revolts taking the 2016 AGM season by storm in the UK do not seem to be losing any steam. In what is building up to be an unusual season of anger over executive compensation, shareholders have rejected remuneration packages

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Shareholders of RENAULT reject Say On Pay proposal. 1st time in France

For the third “Say On Pay” season  and for the first time in France, the shareholders of a listed company, the car manufacturer Renault, rejected  the remuneration of the chairman-CEO, Carlos Ghosn. His “Say On Pay” has indeed obtained  only 46% of

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Proxinvest publicly questions Carlos Ghosn and the Renault Board about its supervision of… Carlos Ghosn

Proxinvest, as proxy advisory agent, rarely presents written questions, points or resolutions. This is usually the role of large and small shareholders to publicly commit to contribute to debate the expected improvement in the management groups.

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You might need glasses to read what you read about Luxottica !

The succesful billionnaire founder of Luxottica, 80 years old  Leonardo Del Vecchio has been credited for turning Luxottica which he owns 66.5 percent into a global player notably by acquiring Ray Ban sunglasses with total revenues of 9 billion euros ($9.76 billion). But

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