Report
Anaïs Dudout
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Proxy Report - 31/05/2018

L'ensemble des rémunérations des dirigeants mandataires sociaux fait l'objet des résolutions 6 à 11. La particularité d'Infotel est de présenter des politiques de rémunération ne comportant aucune part variable. Cette spécificité n'est pas en accord avec notre politique de vote. Toutefois, les mandataires sociaux dirigeants sont tous actionnaires à au moins 2% du capital, et les montants sont raisonnables, ce qui atténue nos réserves.

Cependant, nous attirons l'attention de la société une nouvelle fois sur le conseil d'administration dont les caractéristiques ne correspondent nullement à notre politique de vote : il est composé de seulement quatre membres, dont trois dirigeants mandataires sociaux. Alors que ces dirigeants sont âgés de plus de 70 ans et détiennent des fonctions dirigeantes dans la société depuis au moins dix ans, la société propose tout de même leur renouvellement. A l'exception de l'administratrice indépendante, nous recommandons l'opposition à l'ensemble de ces renouvellements.

Underlying
Infotel

Infotel is a group of consulting companies and a global software vendor. The Group has developed a complete service offering and a range of software for enterprise servers. Co. provides consultancy, analysis, IT system audits, third-party application maintenance and software testing solutions. Co. designs and implements, as service contracts or service desk, management projects by implementing advanced methods and technologies, from mobile technology to databases. Co. has developed software to assist customers in areas such as DB2® (security, performance and management), data management and archiving, web-enables or quality applications and relational database performance.

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
Anaïs Dudout

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