Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio.
Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes :
Each theme is rated taking into account several comprehensive sub-categories.
Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter. Indeed, our process is supported by a network of local experts that have a deep knowledge of each local market best practices (from both customs and regulatory points of views).
If you are interested in the Proxinvest Corporate Governance Rating ®, please contact directly Proxinvest ( or +33(0)1 45 51 50 43).
TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.
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.
>Full-year results a shade above forecasts - Dividend down (as of 2020) - TUI has reported 2019 results, which came in a shade above our forecasts, particularly at the EBITDA level, with the group having already issued a number of indications at the trading update in September. In detail, group sales were € 18,928m, up 2% y-o-y, driven by the Holidays division, which accounts for 65% of adjusted EBITA at group level (sales growth of 37% y-o-y driven by destination ser...
Résolution 1 : la société propose une imputation du report à nouveau débiteur sur le poste « Primes d’émission, de fusion, d’apport ». S’agissant uniquement d’une écriture comptable, qui ne change pas le montant total du passif, cela ne semblerait pas impacter les actionnaires. Par conséquent, Proxinvest recommande l'approbation. Résolution 2 : sachant que la société n’a pas distribué de dividende depuis 2015, Proxinvest juge la demande incohérente au regard de cette privation de dividende et recommande l'opposition. Résolution 4 : suite à la 2ème résolution de la présente assemblée générale...
In general, Adyen is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. Under ITEM 2 it is proposed to re-appoint Mr. Joep van Beurden as member of the supervisory board. The proposed term of appointment of 4 years is in line with provision 2.2.2 of the Dutch Corporate Governance Code. Mr. van Beurden has been board member since 2017 and is currently chairman of the nomination and remuneration committee and member of the audit committee. He is considered independent. ECGS has no concerns over his re-appointment and accord...
MANQUE DE TRANSPARENCE : Encore une fois, nous alertons les actionnaires concernant le manque de transparence de la société Bastide le Confort Médical vis-à-vis de son rapport financier ; tant au niveau des conventions réglementées, tant concernant la politique de rémunération.Par ailleurs, dans le cadre de l’exercice du mandat Monsieur Guy Bastide, ce dernier est assisté par Messieurs Vincent Bastide, Arnaud Fayolle, Olivier Jourdanney, Benoit Quencez et Pierre-Marie Varachaud en qualité de Directeurs Généraux Adjoints. Proxinvest regrette que les rémunérations de Vincent Bastide, Olivier Jou...
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