Cyber Attack On 6 September 2018, the Company announced that customer data had been stolen from the website of its subsidiary British Airways. Customers booking through the website from 22:58 BST 21 August 2018 to 21:45 BST 5 September 2018 had their personal and financial details compromised, though the Company provided that travel and passport details were not stolen. The announcement provided that the breach had been resolved, and police and the relevant authorities had been notified.
On 25 October 2018, the Company provided an update on the cyber attack, stating that the Company had been working with specialist cyber forensic investigators and the National Crime Agency to investigate fully the data theft. Please see the attached report for further details. Item 8.01: Re-appoint the ChairmanMr. Romero was not considered independent upon appointment as he is the former CEO.
ECGS considers that a former CEO should not be appointed as Chairman unless the Board provides clear justifications and it is for a temporary appointment following a reasonable cooling-off period.
Item 9: Approve the Remuneration ReportThe structure is unsatisfactory. The main concern is that incentive pay is not weighted more towards rewarding long-term performance. Additionally, the maximum bonus is excessive, though actual incentive pay during the year was not excessive. Given that incentive pay does not sufficiently align executives' interests with the Company's performance over the long-term, we recommend shareholders oppose.
International Airlines Group is an international scheduled airline and global premium airlines. Co.'s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports.
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NEWS SUMMARY: CAF, IAG. MARKETS YESTERDAY AND TODAY The (technical) rally on stock markets continues European markets opened with gains that grew throughout the session. In the Euro Stoxx, cyclical sectors (harder hit in the pat sessions) led gains, especially Basic Materials, with Pharma also standing out (Bayer climbed on the possible sale of its animal health business). Telecommunications, Utilities and Real Estate ended almost flat. In Italy, as expected, the vice-president, M. Salvini, considers that the government coalition with M5E is broken and calls for elections as soon as possib...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CAF, IAG. EUROPA: AB INBEV. Continúa el rebote (técnico) de las bolsas Las bolsas europeas abrieron con subidas que fueron a más a medida que avanzaba la sesión. En el Euro STOXX lideraron las subidas los cíclicos (más castigados en las sesiones pasadas) con R. Básicos a la cabeza, también destacó en positivo Farma (subida de Bayer ante la posible venta del negocio de salud animal). Telecom, Utilities e Inmobiliario cerraron casi planas. En Italia, como se esperaba que acabara ocurriendo, el vicepresidente M. Salvini ha dado por rota la coalición...
Leadership Changes In May 2019, Geoffrey Drabble, CEO, stepped down from his role. Brendan Horgan, previously COO, was appointed CEO. Item 2: Approve the Remuneration Report The structure is unacceptable. Although it is more weighted toward the long term, the weighting difference is minor. Furthermore, the maximum bonus exceeds guidelines and the quantum is excessive. Accelerated vesting in the event of a change of control is possible and pension contributions exceed guidelines. Weighting difference is minor. Furthermore, the maximum bonus exceeds guidelines and the quantum is excessive. A...
The Company has paid a dividend in respect of the financial year, however no resolution to approve the distribution has been proposed at the general meeting. Item 2: Approve the New Remuneration policy The company proposes to remove the Bonus Plan for 2019/20. Therefore, variable incentives will solely be based on 2011 awards performance condition of £2 of return required each year for the tranche of options to vest, and £2 of return required each year for any of the ‘banked’ shares to vest. Thus, there will be an insufficient alignment between incentive pay and Company strategy. Moreover, ...
Il est proposé de modifier les statuts afin de créer la fonction de censeur et de nommer à ce poste le groupe L’Oréal, via son fonds d’investissement BOLD Business Opportunities for L’Oréal Development, qui a participé à une augmentation de capital en juin 2019 lui permettant de devenir le premier actionnaire de la société avec 17,3% du capital et des droits de vote. Bien qu'il soit légitime que le principal actionnaire de la société siège au conseil, le choix d'y figurer en tant que censeur ne sera pas soutenu. En effet, Proxinvest n'est pas favorable à la présence d'un censeur au sein du co...
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