Cette année encore, Proxinvest déplore le manque de transparence de la société sur la politique de rémunération de ses dirigeants. Bénéteau, qui indique pourtant se référer au code de gouvernement d'entreprise de l'Afep/Medef, ne respecte pas plusieurs recommandations du code relatives à la communication des actionnaires sur le sujet. La société a amélioré, cette année, sa communication concernant les modalités d'attribution du variable annuel, mais de nombreuses informations restent manquantes. Il est donc impossible pour l'actionnaire de comprendre le montant dû au titre du bonus de l'exercice.
Nous regrettons que la société ait décidé de ne plus attribuer de rémunération de long-terme ou actionnariale à ses dirigeants mandataires sociaux, ce qui n'est pas souhaitable en terme de gouvernance. Enfin, les actionnaires ont montré leur opposition aux politiques de rémunération pratiquées par la société, car les actionnaires minoritaires se sont opposés dans leur quasi-totalité aux résolutions relatives aux rémunérations lors de la dernière assemblée générale annuelle. Les résolutions portant sur les montants attribués et la politique de rémunération pour l'exercice à venir seront donc rejetées (4 à 15).
Beneteau designs, manufactures and sells yachts and powerboats through an international network of dealers. Co. also designs, manufactures and sells mobile homes. Its operations can be divided into two segments: The Boats segment and the Leisure Homes segment. The Boats segment groups together the activities for manufacturing and marketing boats with a customer base made up of dealers; The Leisure Homes segment groups together the activities for manufacturing and marketing mobile homes with a customer base made up of campsites and wholesalers, and the the activities for manufacturing and marketing wood-frame houses. Some of Co.'s brands are Beneteau, Jeanneau, CNB, IRM and O'Hara.
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 :
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.
In general, Lundbergforetagen is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 12, approval is sought for the re-election of the board of directors. Although there is just sufficient independent representation on the board, ECGS notes that the number of executives (3) sitting on the board is NOT in accordance with provision 4.3 of the Swedish Corporate Governance Code. Aforementioned provision stipulates that no more than one (1) member of the board may be a member of the executive management. Based on the abov...
Merger with Hewlett Packard Enterprise, Profit Warning and Sale of SUSE Business On September 2016, the Company entered into a definitive agreement with Hewlett Packard Enterprise (HPE) on the terms of a transaction which provided for the combination of HPEns software business segment with the Company by way of a merger. The transaction was valued at $8.8bn. On March 2018, the Company issued a profit warning arguing that its revenues declined more than expected due to problems stemming from its acquisition of Hewlett Packard. On 22 March 2018, Hsu resigned from his position of CEO min order to...
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