Report
Charles Pinel
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Ecoslops - Assemblée Générale des actionnaires du 13 Juin 2019

Il semble légitime que le principal actionnaire soit représenté au conseil quelque soit l'indépendance de celui-ci. Cependant, la durée proposée du mandat est de 6 ans, ce qui excède la limite de 4 ans recommandée par la politique de vote de Proxinvest. Cette durée excessive ne permet pas en effet aux actionnaires de se prononcer de manière régulière sur la composition du conseil. Par conséquent, Proxinvest s'opposera au renouvellement d'Olivier Fortesa qui est lié à l'actionnaire principal (résolution 5). En revanche, bien que le renouvellement du mandat de Pascal Foulon porte également sur 6 années, ce dernier sera soutenu car il est considéré comme libre de conflits d'intérêts potentiels et afin de favoriser l'indépendance du conseil.

La plupart des résolutions portant sur le capital ne seront pas soutenues en raison notamment de montants trop élevés et de maintien en période d'offre publique (résolutions 7 à 10 ). De la même façon, les autorisations d'instruments de rémunération en capital portent sur un montant considéré excessif et la société n’indique pas de conditions de performance et de plafond pour le dirigeant mandataire social (résolutions 12 à 14).

Underlying
Ecoslops SA

Ecoslops SA is a France-based company principally engaged in the converting pertroleum residues from shipping (slops and sludge) in new marine fuels recycled. The Company offers seaports, residues collectors, ship-owners and bunker suppliers with a technology to recycle oily waste of ships. Ecoslops SA is active in promoting the development of the P2R unit by its incorporation in a more global plant: Oil Waste Processing Plant (OW2P). The OW2P technology combines a refining petroleum process (P2R) with appropriate clean water. The Company recycles the waste in order to be used in electricity production and steam production among others. The Company's fuel production is located in the port of Sines, Portugal.

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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Charles Pinel

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