Cette année, Somfy propose un vote contraignant sur la politique de rémunération 2017 du Président et du membre du Directoire, ainsi que du Président et des membres du Conseil de Surveillance dans le cadre de la nouvelle loi "Sapin II" (résolution 10 et 11).
Proxinvest invite les actionnaires à approuver la politique de rémunération 2017 du Président et des membres du Conseil de Surveillance, mais leur recommande de s’opposer à celle du Président et du membre du Directoire cette politique est trop peu transparente.
En ce qui concerne la composition du Conseil d’Administration, deux mandats de membre du Conseil de Surveillance prennent fin à l’issue de l’assemblée générale (Valérie Pilcer et Jean Despature), deux mandats sont renouvelés (Paule Cellard et Victor Despature) et trois nominations sont proposées (Marie Bavarel-Despature, Sophie Desormière et Florence Noblot).
Proxinvest salue le fait que ce changement de composition améliore le taux d’indépendance du Conseil, mais regrette l’absence d’une majorité de membres libres de conflits d'intérêts (taux d’indépendance de 37,5%) et de ce fait s’oppose à la nomination et aux certains renouvellements des non indépendants.
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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The trend is still bullish, though slower. The invalidation level is below €453.00.The target is at €499.42.Arguments :- The major support has been reached, it causes the bounce.- Prices are moving to the upper boundary of the rectangle.
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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