Report
Florian Béchaz
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Manitou BF - Assemblée Générale des actionnaires du 13 Juin 2019

La communication des rémunérations pourrait être améliorée, notamment concernant les objectifs du bonus annuels et les critères de performances qui manquent de précision.

De plus, il est regrettable que le Directeur Général ne soit pas intéressé à la performance long-terme de la société par la mise en place d'une rémunération long-terme. En effet, la société met en oeuvre une rémunération actionnariale mais les conditions de performances de cette dernière sont mesurées sur un an, à l'image du bonus annuel.

Toutefois, la société a réalisé des progrès dans la présentation de la politique de rémunération 2019 du Directeur Général, ce qui conduit Proxinvest à soutenir la résolution 14, afin d'encourager la société à poursuivre dans cette voie.

Underlying
Manitou BF S.A.

Manitou BF is active on the global market for material handling. Co. divides its activities into three divisions: Rough Terrain Handling (RTH) where Co. assembles and distributes rough terrain handling equipment such as masted forklift trucks and fixed and rotating telescopic forklift trucks; Industrial Material Handling (IMH) where Co. designs and distributes semi-industrial masted forklift trucks; industrial forklift trucks; truck-mounted forklifts; and Compact Equipment (CE) where Co. designs, assembles and distributes skid steer loaders, telescopic forklift trucks, articulated loaders and mini excavators. Co.'s brands include Manitou®, Gehl®, Mustang®, Loc®, Edge®.

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
Florian Béchaz

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