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

Barratt Developments - AGM 16 October 2019

The Board composed of eight Directors comprises three executives. All independent
non-executive Directors are members of the main special committees, Audit,
Remuneration, and Nomination. We consider that the Company should consider
increasing the number of independent Directors to share their work in the committees.
We also appreciate that Sharon White is stepping down from her executive position
which will allow dedicating more time to the company.
The proposed agenda of this AGM is routine for the UK market. We recommend approval
of all the proposal with one exception: the short notice period for convening the meeting
is not in the shareholders' interest.

Underlying
Barratt Developments PLC

Barratt Developments is a holding company. Co.'s principal activities comprise acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds throughout Britain. These main activities are supported by Co.'s commercial development, urban regeneration, procurement, design and land capabilities. Co. operates in two segments: housebuilding and commercial developments. Co. has three housebuilding brands: Barratt Homes, David Wilson Homes and Barratt London. Commercial developments are delivered by Co.'s Wilson Bowden Developments division.

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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Analysts
Expert Corporate Governance Service (ECGS)

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