Avior Capital Markets - Exxaro | Proxy voting and governance recommendation

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Avior Capital Markets

Matthew Shields ...

Warwick Bam

Exxaro | Proxy voting and governance recommendation

Exxaro (EXX) receives a governance score of 2.98 out of 5.00 and is rated as 'Adequate' (FY '17: 2.99). In this note we discussion the formation of a new board committee to oversee EXX's diversification strategy, changes to EXX's Board of directors, CEO remuneration, and other governance related issues.

14/05/2019 17 EN

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Avior Capital Markets

Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.

Our research quality is consistently recognised in local and global surveys, with 18 analysts currently rated in their respective sectors (FM 2017). Value add through in-depth, innovative, high quality and consistent research with comprehensive underlying fundamental modelling supported by regular analyst and roadshow interactions.

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Analysts

Matthew Shields

Warwick Bam

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Exxaro | Proxy voting and governance recommendation

Tiger Brands | ESG | Pressed to execute

SA Investment Strategy | Review of January 2020 for SA investors: Coronavirus weighs on the ZAR

SA Banks | Low credit risk in commercial property | Time to buy SA banks

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