Report
Jehanne Leroy
EUR 1017.86 Purchase single report

Etude de l'AG du 27/06/2017

Bien que Proxinvest souligne la volonté de la société de mettre en place un système de roulement concernant les élections de membres du Conseil de Surveillance (Résolution 11), il semble regrettable que l'ensemble des membres du Conseil soient proposés au renouvellement de la présente Assemblée Générale, ce qui pourrait avoir un impact sur la continuité de la gouvernance dans la société.

Proxinvest regrette par ailleurs que la société maintienne la possibilité de l'usage de ces autorisations financières en période d'offre publique, en raison de leur possible utilisation comme arme anti-OPA. Proxinvest considère en effet que les OPA sont des opportunités d'enrichissement pour les actionnaires et que la mise en place de tels outils n'est pas favorable à leurs intérêts. C'est pour cette raison que Proxinvest recommande aux actionnaires de s'opposer à la totalité des autorisations financières.

Underlying
Patrimoine et Commerce

Patrimoine et Commerce SCA, also known as Patrimoine & Commerce, is a France-based holding company engaged in the real estate industry. The Company's portfolio consists of commercial properties located in the suburbs or centers of medium-sized cities in France, Guadeloupe and Martinique. The tenants cooperating with the Company are BNP Paribas, Hygena, Alainafflelou, Vivarte, La Poste, Carrefour, Casino, CIC, Celio, Kiabi, Picard, Weldom, Conforama, Darty, and Generale d'Optique, among others. The Company's subsidiaries include SCI MELESSINVEST, SCI VITROLLES INVEST, SCI PAU INVEST, SCI CONFORINVEST GUADELOUPE, SCI PARIGNE INVEST, among others. As of June 30, 2014, Duval Investissements & Participations held a 21.55% stake in the Company's shareholdings.

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
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  • Thematic research
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Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

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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
Jehanne Leroy

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