543900 Continental AG

Proxy Report - 27/04/2018

Items 4.13 and 4.20: We recommend opposing the discharge of Supervisory Board members Maria-Elisabeth Schaeffler-Thumann and Prof. KR Ing. Siegfried Wolf due to their insufficient attendance at Supervisory Board and committee meetings in financial year 2017.

Item 5: KPMG, Hanover, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG or its predecessor have audited the Company since at least the financial year 1975 (no earlier data available) which significantly exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of KPMG as auditor.

13/04/2018
32 pages
EN

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

Underlying

Automobiles & Parts - Germany

Continental AG is an automotive supplier. The Company's segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems. The Powertrain division integrates system solutions for the powertrains in vehicles of all classes. Interior division provides information management in vehicles and develops and produces information, communication and network solutions. Tires division offers safety through short braking distances and grip, as well as reducing fuel consumption. ContiTech division develops, manufactures and markets products for machine and plant engineering, mining, the automotive industry and other important industries.

Read more

ResearchPool Subscriptions

Get the most out of your insights

Get in touch