A2AKJL Maisons du Monde

Proxy Report - 18/05/2018

Proxinvest attire l'attention sur deux points particuliers :

Tout d'abord Proxinvest salue l'augmentation du taux d'indépendance qui passe de 50% en 2016 à 71,43% en 2017. Cette amélioration est due en grande partie au départ de trois administrateurs qui étaient affiliés à l'un des actionnaires.

Ensuite Proxinvest regrette que les rémunérations du dirigeant pour 2017 et celle pour 2018 soient excessives et manque de transparence. Ainsi elle dépasse largement nos plafonds préconisés pour la rémunération variable totale.

07/05/2018
27 pages
FR

Research Provider

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. 

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Underlying

Personal & Household Goods - France

Maisons du Monde offers a range of decoration and furnishing items in a variety of styles and themes. At end-2016, Co. operated a network of 288 stores in seven countries, France, Italy, Spain, Belgium, Luxembourg, Germany, and Switzerland. It also operates an e-commerce platform available in 11 countries. Co.'s product offering contains approximately 16,000 stock-keeping units available in a range of prices. The offer falls into two categories: decorative products, such as household textiles, tableware and kitchenware, mirrors and picture; and furniture, such as beds, tables, chairs, armchairs and sofas, cupboards, bookshelves, junior furniture and outdoor furniture.

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