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...
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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