Report
Expert Corporate Governance Service (ECGS)
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Halma PLC - Proxy report 19/07/2018

While there are no major concerns over the structure of pay, the level of disclosure is concerning. In order to fully evaluate the alignment of pay with performance, whether targets are challenging and the fairness of pay at different levels and groups in the Company, clear disclosure is important. Furthermore, it is not in the shareholders' interest if the Company's disclosures are not fully compliant with legal requirements. The Company has not explianed the reason why it does not want to disclose ex-ante STI targets.

Item 6: Re-elect the CEO

The CEO is a member of the Nomination Committee, which does not meet market practice or ECGS guidelines.

Underlying
Halma PLC

Halma is a holding company. Through its subsidiaries, Co. operates in four sectors: Process Safety, which focuses on gas detection, safety interlocks, pressure relief and pipeline management; Infrastructure Safety, which focuses on fire detection, fire suppression, elevator safety, people and vehicle flow and security sensors; Medical, which focuses on ophthalmology, patient assessment, diagnostics and sensors; and Environmental and Analysis, which focuses on spectroscopy and photonics, water analysis and treatment, and environmental monitoring.

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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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Expert Corporate Governance Service (ECGS)

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