Item 2: Advisory vote on the remuneration report The structure is unacceptable. Although pay weighted more towards rewarding long-term performance, the difference is very slight. Additionally, the maximum bonus exceeds guidelines, accelerated vesting in the event of a change of control is possible, and qualitative criteria for the STI exceed guidelines. There is insufficient disclosure of targets for the annual bonus. Accordingly, we recommend that shareholders oppose this resolution.
J Sainsbury is principally engaged in food, general merchandise and clothing retailing and financial services. Co. is organized into four operating segments: Retail (Food), which provides a range of food, including organic produce; Retail (General Merchandise and Clothing), which provides a range of products across home, clothing, technology and leisure; Financial Services (Sainsbury's Bank plc and Argos Financial Services entities), which provides products such as credit cards, insurance, travel money and personal loans; and Property Investment (The British Land Company PLC and Land Securities Group PLC joint ventures). At Mar 11 2017, Co. had 605 supermarkets and 806 convenience stores.
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Sainsbury is a UK based retail company being the third biggest player in the UK. The company operates only in the UK and in the Ireland Republic in the retail segment with the supermarkets and convenience stores, the financial services segment with the Sainsbury Bank, and property investments segment with the joint ventures with the British Land Company and land Securities Group. Sainsbury has approximately 770 convenience stores and offers over 15,000 own brand products. The Sainsbury bank offers products including insurances, credit cards, savings and loans. Sainsbury has 116,400 employees a...
The general evaluation of SAINSBURY J PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was GBp 205.90 and its potential was estimated at GBp 230.68.
No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including fuel) in the first quarter, a noticeable underperformance versus Tesco's positive 0.8% (excluding B...
Le Conseil d’Administration de BigBen Interactive, qui s’est réuni le 4 septembre 2019, a approuvé le principe du projet de regroupement des actifs et passifs constitutifs de son Pôle Gaming au sein de la société Nacon, SAS immatriculée le 18 juillet 2019, filiale à 100%. Il est ainsi proposé d’approuver une opération d’apport partiel d’actifs, qui consiste en une restructuration interne du groupe et qui ne peut pas affecter les intérêts des actionnaires.
In general, Altice Europe is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. Under ITEM 2 approval is sought for a change of auditor. Although ECGS favours a regular change of auditor, it considers the proposed change insufficiently motivated in view of the specific circumstances at Altice Europe (see analysis). Accordingly, ECGS recommends to vote OPPOSE.
ITEMS 6 and 7: On December 2018, Elliott announced holding 2.5% of the capital of Pernod Ricard and, among other things, was asking for an improvement of the Group’s governance. Since their announcement, the following changes happened: Patricia Barbizet, Chairwoman of the French High Committee of Governance (“Haut Comité de Gouvernement d’Entreprise”) became Lead Independent Director in January 2019 The company proposes the election of 2 independent directors to this 2019 AGM. These elections allow for a better independence rate of the Board and allow for a decrease of the overrepresentati...
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