Report
Expert Corporate Governance Service (ECGS)
EUR 1000.00 For Business Accounts Only

Auto Trader Group - AGM 19 September 2019

ITEM 4: To re-elect as a director, Ed Williams

With the nomination of Catherine Faiers as COO and member of the Board in May 2019, the Board has now an independence rate of 42.8% according to ECGS, which is below our recommendation of 50%. As Chairman of the Nomination Committee, we believe Ed Williams to be directly responsible for this lack of independence.

Underlying
Auto Trader Group

Auto Trader Group operates a digital automotive marketplace. Consumers can search from around 450,000 used cars and 6,000 new cars on the marketplace each month, using a standard make/model search or via discovery search if they aren't sure of the exact vehicle they want. In addition, Co. provides consumers services to help them make an informed decision about the car they are looking to buy, these include: vehicle check, finance, and insurance. Co. also provides free vehicle valuations providing both a private sale price as well as a part-exchange price. Furthermore, Co. provides retailers display advertising packages so they can promote their business as well as individual vehicles.

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.

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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.

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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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