La présente assemblée générale exceptionnelle est convoquée afin de mettre en place l'arrivée de Philippe Depoux en tant que directeur général. Sa politique de rémunération (résolution 1) et l'autorisation d'émission d'actions gratuites qui semble lui être destinée (résolution 3) pose des problèmes de transparence, de montant et de mesure de la performance, et nous ne pouvons les soutenir. Nous encourageons la société à suivre les recommandations du code Middlenext auquel elle déclare se référer.
La composition du conseil d'administration est préoccupante : à l'issue de la présente assemblée générale, il ne sera composé que de 33% de membres féminins et de membres libres de conflits d'intérêt. Ainsi, la société devra légalement régulariser son problème de féminisation d'ici 2020, sinon elle sera en contradiction avec la loi pour l'égalité réelle entre les femmes et les hommes. Toutefois, le candidat proposé étant libre de conflits d'intérêts, nous approuvons sa nomination (résolution 2).
Compagnie Lebon is a holding company. Through its subsidiaries, Co. is engaged in capital investment and hotel management. Co. is also engaged in real estate management. Its capital investment activities are carried out through PMC 1 (venture capital), PMV 1 (development of real estate assets), and Paluel-Marmont Finance (investment in funds managed by third parties which are engaged in LBO on large companies). Co.'s hotel management activities are carried out through its subsidiary Esprit de France, which renovates and operates Parisian hotels (Hotel Mansart, Hotel des Saint-Peres, Hotel d'Orsay, Hotel Parc St. Severin, Hotel de la Place du Louvre, Hotel Brighton and Hotel Aiglon).
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On 9 May 2019, the Company issued convertible bonds for a total principal amount of EUR 150 million. The sole agenda item relates to the proposed approval and ratification, in accordance with Article 556 of the Belgian Companies Code, of conditions of the convertible bonds in case of a change of control. These are standard provisions and they are in line with the market practice. Hence, we see no reason for shareholder concern and recommend to approve.
General: Hella is a leading automotive supplier with over 125 locations in some 35 countries. In financial year 2018/2019, the Company generated sales of EUR 7.0bn with around 39,000 employees. Hella specialises in innovative lighting systems and vehicle electronics in its segments Automotive and Aftermarket. Furthermore, in its Special Applications segment, Hella develops, manufactures and sells lighting and electronic products for specialist vehicles. As of 31 May 2019, a total of 60.00% of the Company's shares were covered by a pool agreement of family shareholders. A total of 62 members o...
In general, NN Group is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. On August 12, 2019, the Company announced that Mr. Lard Friese stepped down as CEO of the Company to become the new CEO of Dutch competitor Aegon. ECGS notes that the sole agenda item of this EGM (ITEM 2) concerns the intended appointment of Mr. David Knibbe as CEO and member of the executive board of NN Group. According to Dutch law and the Company's Articles of Association, shareholders are NOT entitled to vote on such agenda item; it is a discus...
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