Report
Loïc Dessaint
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Proxy Report - 12/04/2018

Strong increase in dividend following high results during the year under review. Clear compliance statement with the Corporate Governance rules defined by the Budapest Stock Exchange.

Interesting governance model made of three bodies : an executive Board, a Board of Directors and a supervisory board.

However, ECGS guidelines are not fully satisfied :

- no yearly vote on executive remuneration ("Say On Pay")
- Lack of checks and balances (combined chairman-CEO, independence of the Board of Directors, participation of the chairman-CEO in the Governance and remuneration committee).

Underlying
Moly Mines Ltd

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
Loïc Dessaint

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