ATC Altice N.V.

Etude de l'AG du 28/06/2017

 Shareholders are asked notably for their approval on 7 different resolutions regarding the remuneration of the Company. We note that According to Book 2, Article 135 of the Dutch Civil Code, public companies in the Netherlands are not required to submit their remuneration policy to shareholders annually for approval. Rather they are required to submit their compensation policy to shareholders when there is a change in policy, as such the next time shareholders may be asked to approve the remuneration of the Company will come following a change in remuneration.
With respect to the remuneration for the past fiscal year, the Company’s disclosure is extremely limited aside from the amounts granted which in itself is not always clear as such we were unable to support the resolutions regarding remuneration. The new stock option plan (item 8.c) however, will include  performance conditions going forward.
Finally, the Company has requested the authority to repurchase shares, and the authority to cancel those shares, however, given the large level of debt held by the Company at this time, we were unable to support these resolutions as well.  

26 pages

Research Provider

Proxinvest Subscriptions Available
Expert Corporate Governance Service (ECGS)

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. 

Read more


Visit Altice N.V.'s profile page to view all their available research.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch