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

BHP Group Plc - 17 October 2019

The Company operates as a Dual Listed Company (DLC). BHP Group plc is incorporated
and listed in the UK while BHP Group Ltd is incorporated and listed in Australia.
There are two external shareholder resolutions led by the Australasian Centre for
Corporate Responsibility (ACCR). Co-filers of the resolutions are Australia’s Vision
Super, the Netherlands’ ACTIAM, Denmark’s MP Pension and the Church of England
Pensions. This proposal calls the BHP Group to suspend its membership of industry
associations whose lobbying activities are not in line with the goals of the Paris Climate
and, thus, with the BHP commitments.
The remuneration policy is proposed to a binding vote. While the proposed changes
improve the executive remuneration, we recommend contesting the resolution. The vote
against will force the company to take into consideration the excessive level of the CEO’s
pay and reconsider the link between pay and performance. Despite the poor
performance of the financial target, the CEO’s total remuneration highly exceeds both UK
FTSE 100 and the sector median.

Underlying
BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.

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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