Report
Expert Corporate Governance Service (ECGS)
EUR 500.00 For Business Accounts Only

Severn Trent PLC, 17 July 2019

Item 2: Approve the Remuneration ReportThe structure is satisfactory. Pay is weighted more towards rewarding long-term performance and it is not excessive. The use of qualitative metrics is within guidelines and the payout is adequately aligned with performance. The quantum is not excessive. We recommend shareholders vote in favor.

Item 4: Approve the sharesave schemeThe details of the sharesave scheme, including the maximum amounts involved and the maximum discount, have not been disclosed in the notice of meeting. Instead the Company has made them available at their registered office and will have them available at the AGM. Given the lack of transparency about the conditions of the plan, we recommend shareholders oppose.

Underlying
Severn Trent PLC

Severn Trent is engaged in providing water and waste water services and developing renewable energy solutions through Co.'s businesses: Severn Trent Water and Dee Valley Water (together Co.'s Regulated Water and Waste Water business), and Severn Trent Business Services. Co. is organized into two main business segments: Regulated Water and Waste Water includes the wholesale water and waste water activities of Co.'s subsidiary, Severn Trent Water Limited, its retail services to domestic customers, and Dee Valley Water; and Business Services, which includes Co.'s Operating Services businesses in the U.S., the U.K. and Ireland and Co.'s Renewable Energy business.

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.

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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
Expert Corporate Governance Service (ECGS)

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