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).
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Summary Marketline's Macarthur Minerals Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Macarthur Minerals Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...
Item 3: Approve the Remuneration ReportThe remuneration structure is satisfactory, though accelerated vesting is possible. Potential and actual total variable remuneration exceed guidelines, but not very much. They are moderate in comparison with UK market practice. Overall, the quantum during the year was not excessive. We recommend shareholders vote in favor.
Item 3: Approve the Remuneration Report The structure is weighted more heavily towards short-term performance. One of the performance metrics for the LTI is the payment of sustainable dividends, which is not considered appropriate as executives can potentially influence the payout level. The LTI also includes relative TSR as a performance metric. Nevertheless, the quantum is not excessive and even maximum potential amounts are moderate. On balance, we recommend shareholders vote in favor. Item 4: Approve the Remuneration PolicyThe main concern with the Company's remuneration policy is that pa...
Item 2: Approve the Remuneration ReportThe remuneration structure is unsatisfactory. The main concern at the Company is that the potential maximum incentive pay including the bonus, matching shares on the deferred portion of the bonus and the LTI amounts to 1000% of base salary, which is considered grossly excessive. Actual incentive pay during the year was1.6 times the ECGS limit. Furthermore, variable remuneration is overly reliant on a single performance metric, benchmark profit before tax. A second performance criteria will be used in the coming year. We note that the Company has adjusted ...
Lors de l'assemblée générale du 19 octobre de Solocal Group, le plan de restructuration proposé avait été rejeté. L'association des porteurs individuels RegroupementPPLOCAL , à la suite d'une information contestable des dirigeants sur la clause d'un emprunt obligataire susceptible de provoquer une exigibilité anticipée, n'avait pu finalement faire élire que trois administrateurs non présentés par le Conseil.Un plan légèrement amendé en faveur des actionnaires a été adopté par le Conseil, plan qui a été jugé insuffisant par la plupart des animateurs initiaux de RegroupementPPLOCAL comme par le ...
Assemblée générale mixte particulièrement contestée pour cette société soumise à un plan de restructuration très critiqué par les actionnaires. La communication financière de la société pose de réels soucis ainsi que la composition du conseil et son comportement très critiqués publiquement par l'association des porteurs individuels RegroupementPPLocal (1400 membres) en raison de l'évolution du cours depuis la mi-2015 et du plan de restructuration proposé. L'approbation des comptes sociaux et consolidés appelle de sérieuses réserves. Il en est aussi des autorisations financières proposées en li...
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