The Italian ?shareholders? spring? is very late, but something is changing
A strongly concentrated ownership structure, local actors that are basically passive and its nature of peripheral market for large institutional investors contributed to keep Italian companies far from the “shareholders’ spring”. No relevant news came from the 2012 proxy season, or at least it seems so looking at the meeting minutes: remuneration policies, incentive plans and share buyback programmes (often needed to service incentive plans) obtained an average of almost 90% favourable votes, at Italian large companies.
Why ECGS turned down the Xstrata - Glencore merger?
Qatar Holdings, the second shareholder of the Swiss mining group with 10,4% du capital, in now asking for an increase of the exchange parity for Xstrata shareholders confirm the analysis of the ECGS-GIR analyst recommending shareholders to vote down the merger deal at the upcoming Xstrata EGM. The EGM was postponed, but the original case says a lot about the distortion of our financial markets.
Deutsche Bank: ECGS recommends to oppose the discharge
Gender imbalance in corporate boards in the EU
The French state in line with its new policy, has voted against the compensation of the former. CEO of Air France-KLM
Election of the Board: is the Italian ?voto di lista?, as defined by the By-laws, still valid? The cases of Fiat, UniCredit and Prysmian
French Pension funds caps CEO pay to ? 1.7 million
ECGS ENGAGES WITH THE BOD OF UNICREDIT TO RECLAIM THE EXTRA-SEVERANCE PAYMENT PAID TO THE FORMER CEO ALESSANDRO PROFUMO
