Report
Jehanne Leroy
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ALD - Assemblée générale des actionnaires du 22 mai 2019

Rémunérations :
La transparence de la société permet de clairement comprendre les montants attribués au titre de 2018 et leur alignement avec les performances effectivement réalisées. De plus, la structure mise en place (similaire aux structures dans les sociétés du secteur bancaire, comme Société Générale, actionnaire de contrôle de la société) respecte nos principes. Enfin, les montants en jeu sont modérés. Nous soutenons donc les résolutions 10 à 12.

Concernant la politique de rémunération 2019, le seul changement significatif est l'augmentation de la rémunération du Directeur général. Si l'on regrette le manque de justification de la part de la société concernant cette hausse, on notera toutefois que les montants en jeu (tant du fixe que de la rémunération totale) restent maitrisés et les politiques de rémunérations proposées pour 2019 respectent nos principes. Aussi, nous soutenons les résolutions 13 à 16.

Underlying
Ald SA

ALD is a service leasing and vehicle fleet management group with a fleet of more than 1,375,000 vehicles in 41 countries. Under a full-service lease, the client pays the leasing company a regular monthly lease payment to cover financing, depreciation of the vehicle and the cost of various services provided in relation to the use of the vehicle (such as maintenance, replacement car, tyre management, fuel cards and insurance). Fleet management services include the provision of outsourcing contracts to clients under which the vehicle is not owned by Co., but is managed by Co. and for which the client pays fees for the various fleet management services provided.

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
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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
Jehanne Leroy

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