Deux résolutions soumettent au vote des actionnaires les politiques de rémunération du Directeur Général et du Président du conseil pour 2017 (articles L225-37-2 et L225-82-2 du Code de commerce créés pas la loi n°2016-1691 du 9 décembre 2016 dite Loi « Sapin 2 »). Cependant, la société ne fournit aucune information concernant la politique de rémunération pour 2017. Il semblerait que la société fasse une confusion entre la résolution issue de la loi Sapin II qui soumet au vote la politique de rémunération pour 2017 et la résolution Say on Pay du code Afep-Medef qui soumet au vote les rémunérations attribuées au titre de l’exercice 2016.
Par ailleurs, la société manque énormément de transparence concernant les rémunérations attribuées à son Directeur Général. En effet, elle ne justifie pas le versement d’une prime exceptionnelle de 25 000 € et ne valorise pas une attribution d’actions gratuites.
Le montant des jetons de présence est très élevé au regard de la taille du conseil et de la société. Ils servent principalement à rémunérer de façon très importante le Président et le Vice-Président.
Porduits Chimiques Auxiliaire et de Synthese (PCAS) and its subsidiaries produces and markets fine chemicals and specialty chemicals, offering a complete range of services. Its products include molecules and active ingredients designed to meet specific characteristics and performance criteria defined by or in partnership with customers. Co. is supported by extensive R&D capabilities and flexible and polyvalent production facilities. Co. markets its products to five global target markets: pharmaceutical synthesis and dosage forms, aroma chemicals-cosmetics, photochemistry and new technologies, industrial specialty chemicals and fine inorganic chemistry.
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On 9 May 2019, the Company issued convertible bonds for a total principal amount of EUR 150 million. The sole agenda item relates to the proposed approval and ratification, in accordance with Article 556 of the Belgian Companies Code, of conditions of the convertible bonds in case of a change of control. These are standard provisions and they are in line with the market practice. Hence, we see no reason for shareholder concern and recommend to approve.
General: Hella is a leading automotive supplier with over 125 locations in some 35 countries. In financial year 2018/2019, the Company generated sales of EUR 7.0bn with around 39,000 employees. Hella specialises in innovative lighting systems and vehicle electronics in its segments Automotive and Aftermarket. Furthermore, in its Special Applications segment, Hella develops, manufactures and sells lighting and electronic products for specialist vehicles. As of 31 May 2019, a total of 60.00% of the Company's shares were covered by a pool agreement of family shareholders. A total of 62 members o...
In general, NN Group is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. On August 12, 2019, the Company announced that Mr. Lard Friese stepped down as CEO of the Company to become the new CEO of Dutch competitor Aegon. ECGS notes that the sole agenda item of this EGM (ITEM 2) concerns the intended appointment of Mr. David Knibbe as CEO and member of the executive board of NN Group. According to Dutch law and the Company's Articles of Association, shareholders are NOT entitled to vote on such agenda item; it is a discus...
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