Report
Expert Corporate Governance Service (ECGS)
EUR 508.93 Purchase single report

Etude l' AG du 20/07/2017

Item 2: Approve the Remuneration Report. While quantum is not excessive, the structure of remuneration is unacceptable given the discretion of the committee over half of the bonus, which is determined by qualitative critieria, lack of disclosure of pension accrual rates and excessive pension contribution during the year.  In addition, dividend per share is used with both the STI and the LTI, which is not considered appropriate as executives have a certain level of control over the dividend payout and therefore can influence the level of their incentive pay. 
 
Item 13: Re-appoint the auditors. KPMG were appointed as the external auditor of the Company in 1999 and no formal tender of the external audit contract has been carried out since their appointment. The tenure of the auditor exceeds ECGS guidelines.

Underlying
SSE
SSE

SSE is engaged in producing, generating, distributing and supplying electricity and gas, as well as other energy-related services, across the U.K. and Ireland. Co. has three principal business areas: Wholesale, which uses turbines to convert energy from gas, oil, coal, water and wind to generate electricity, trading in wholesale energy markets, and managing energy contracts; Networks, which transmits and distributes electricity and gas to homes and workplaces; and Retail, which supplies electricity and gas and related services to households and organizations.

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
Expert Corporate Governance Service (ECGS)

Other Reports on these Companies
Other Reports from Proxinvest
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch