Report
Charles Pinel
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Proxy Report - 15/06/2018

Depuis de nombreux exercices, Proxinvest émet des réserves sur les différentes conventions signées entre la société et des administrateurs de la société. Cependant, elles continuent à produire leurs effets à l'exception de l'une d'entre elle qui a pris fin en 2017 (résolution 4).

La politique de rémunération des mandataires sociaux n'est pas satisfaisante en terme de transparence et de structure avec notamment l'absence de rémunération de long-terme. Si cette dernière critique n'est pas pertinente pour le PDG qui est également le principal actionnaire de la société, il est par ailleurs regrettable pour le DGD que le montant de son bonus annuel pour 2017 ne soit pas communiqué tout comme les critères de performance utilisés. Pour 2018, une rémunération de long-terme devrait être mise en place en sa faveur mais pour un montant qui risque d'être trop élevé (résolutions 7 à 10 et 13).

Underlying
Catering International & Services S.A.

Catering International & Services is a catering and support services company that provides remote site catering and living accommodation services in extreme conditions. Co.'s clientelle comprises major groups in the oil, mining, construction and civil engineering sectors operating throughout the world. Through its subsidiaries, Co. offers a full range of customer needs by providing turnkey solutions. Co. divides its integrated business activities into six categories: Engineering, Building, Equipment, Facilities Management, Utilities Management, and Other Support Services.

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
Charles Pinel

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