SAFRAN opposes the majority of its AGM and maintains illegally the golden parachute for Jean-Paul Herteman

As long as the French State does not respect shareholders, it will not find investors and investments, it will not create jobs. If this sounds tough it is only logical and demonstrated as the last twenty years show that left or right wing French governments and their civil servants despise investors, whether individual or institutional.

UBS and Credit Suisse: Ethos recommends opposing the remuneration reports

 

Ethos, our ECGS partner, recommends to oppose the remuneration reports at the annual general meetings of Credit Suisse (26 April) and UBS (2 May). Despite some progress made by the two banks with regard to the executive remuneration structure, the amounts paid are still too high.

FIAT and FIAT Industries: possibly the worse remuneration policy in Italy!

FIAT and FIAT Industries: possibly the worse remuneration policy in Italy!

ECGS against any German share blocking

 

In order to put an end to the German 'share blocking tale' DSW, the German ECGS member,  requested the German Financial Markets Authority (BaFin) to clarify as early as possible the most recent discussions on the OLG Köln court decision.  This court ruling had led to a wave of confusion at some German custodian banks and as a consequence was also misinterpreted by institutional investors abroad.

 

ECGS welcomes the ESMA Final Report on The Proxy Advisor Industry

Expert Corporate Governance Service Ltd. (ECGS), a joint-venture of
European proxy advisors, welcomes the ESMA Final Report on The Proxy
Advisor Industry published on February 19th. The report confirmed there is no
“market failure” related to proxy advisors’ interaction with investors and issuers
in the European Union (EU) that would require regulatory intervention.

ECGS takes note that ESMA recommends that the proxy advising industry

Pubicis Groupe wrote to Proxinvest about the Maurice Levy record pay.

Pubicis Groupe wrote to Proxinvest about the Maurice Levy record pay. Following the publication of the ECGS pay survey for 2011 with Maurice Levy of Publicis groupe on top of the European 2011 CEO remunerations, Publicis groupe wrote to Proxinvest and AGEFI resquesting an answer.

Ethos Study on Executive remuneration: Positive impact of ? Say on Pay ?

The aggregate board and executive pay in the companies of the financial sector fell by 23% in 2011, while it rose by 5% in the other sectors. Ethos' study of the 2011 board and executive remuneration in the 100 largest Swiss listed companies also shows that 49 companies put their remuneration report to the advisory vote of the shareholders in 2012. Despite the positive impact of these votes on the transparency and structure of board and executive remuneration, more than half of the companies still do not abide by self regulation.

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