ECGS  Dutch partner Shareholder Support had - unlike competing proxy advisers - recommended investors to vote in favour of the discharge of the TNT Directors, but against the planned demerger of TNT’s Mail and Express Businesses.

Express will operate as TNT Express NV and TNT Post's brand name will change to PostNL.

Ethos Survey on Executive Remuneration: Pay Raises in the Financial Sector


ECGS Swiss Partner Ethos Foundation published its survey of the 2010 board and executive remuneration in the 48 largest Swiss listed companies (comprising the SMI and SMIM indexes).

The amount  paid to the boards and the executive management of the Swiss listed companies included in the financial sector rose by 8%, while it remained stable in the other sectors.

ECGS supports the Deutsche B?rse-NYSE Euronext merger

DSW  the German partner of ECGS  supports the merger with NYSE Euronext out of the following reasons:

Carrefour thanks its Chairman on low vote score


Following the strategic hesitation and shaking at the Board of Carrefour, ECGS partner Proxinvest had recommended to oppose to the reappointment of the Chairman of the Board of Directors, Amaury de Sèze.

Another DSW?ECGS success at the AGM of MAN

The countermotion filed by DSW regarding the election of 3 members of the supervisory board of MAN who also sit on the board of the competitor Scania was strongly supported by the EU- Commission which shares the concerns of DSW with regard to severe conflicts of interest.

14th Proxinvest report on AGMs

Paris, 14th February 2011

The Proxinvest’s annual survey on companies meetings points out the increasing criticism of shareholders. The annual survey records for France an average refusal rate on resolutions submitted by boards among the highests in Europe: 6.3% for the CAC40 in 2010 against 5.9% in 2009 and 4.8% in 2008. For SBF250 companies it reaches 5% in 2010 against 4.6% in 2009 and 4.1% in 2008.

Fix rather than variable: DSW calls for change in supervisory boards? remuneration


The Deutsche Schutzvereinigung für Wertpapierbesitz (DSW) e.V. advocates changing the remuneration of members of supervisory boards in German companies.

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