Report
Expert Corporate Governance Service (ECGS)
EUR 500.00 For Business Accounts Only

ABN AMRO - 24 April 2019

In general, ABN AMRO is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.

Under ITEM 8, approval is sought to merge ABN AMRO Group with ABN AMRO Bank N.V. ECGS endorses the strategic rationale for the proposed merger and other than the estimated cost-savings, the merger will likely not have any impact on the operations of the Company. The (proposed) merger will furthermore not affect the rights of shareholders, holders of depository receipts, creditors and/or other stakeholders. ECGS has no (special) concerns over this proposal and accordingly recommends to vote FOR.

ECGS recommends to vote FOR all proposals.

There are no further peculiarities.

Underlying
ABN AMRO Group NV

ABN AMRO Group NV is a company based in the Netherlands that provides various banking products and services. It operates through four segments: Retail Banking, offering banking products and services to individuals, such us labelled residential mortgage products and consumer loans; Commercial Banking, offering asset-based solutions, including working capital solutions, equipment leases and loans, and vendor lease services to business clients and clients in the commercial real estate industry; Private Banking, providing global wealth management solutions, as well as custom financial products and services under the ABN AMRO MeesPierson, ABN AMRO Private Banking, Banque Neuflize OBC and Benthmann Bank names, and Corporate & Institutional, offering loan products, such as structured finance and trade and commodity finance, flow products and specialized products comprising clearing and private equities to business clients. The Company also provides administrative services for mortgage loans.

Provider
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

Proxinvest main services are :

  • ​Proxy reports
  • Definition and monitoring of client customized voting guidelines
  • Corporate Governance Data and Rating
  • Thematic research
  • Engagement support

Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.

As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide. 

Analysts
Expert Corporate Governance Service (ECGS)

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