Report
Jehanne Leroy
EUR 492.40 For Business Accounts Only

Etude de l'AG du 27/04/2017

ITEM 4: Mr Kessler’s 2016 remuneration amounts to €7.96 M (€6.3 M in 2015). This represents 230% of the median total CEO remuneration in the Insurance sector of the Stoxx Europe 600 and widely exceeds its French peers.

Although we appreciate that some of his long-term variable remuneration has been granted under the LTIP (hence performance is measured over a 6-year period), he also received options subject to performance criteria that will be measured over only 2 years. ITEMS 4 and 5: Finally, the company keeps on allowing vesting in case of

underperformance. This is not acceptable and it is high time that the company hears its shareholders’ resentment and stop implementing such practices. This point is the main reason Proxinvest and ECGS do not support the remuneration policy of Scor’s Chairman and CEO.

Underlying
theScore Inc

Thescore is engaged in the creation, aggregation and distribution of sports content through established and emergent digital media assets, including mobile sports applications and its website.

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
Jehanne Leroy

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