Steinhoff International | Proxy voting recommendation and governance related insights
Steinhoff International Holdings N.V. (SNH) has been in turmoil since the sudden resignation of former group CEO, Markus Jooste on 5 December 2017. The group is unable to finalise its 2017 financial statements due to multiple material accounting irregularities which include prior financial periods.Steinhoff International is an integrated retailer based in the Netherlands. Co. is engaged in the manufacturing, sourcing and retailing of clothing, footwear, personal accessories, cellular products, selected financial services, furniture, household goods, appliances, home accessories, consumer electronics and technology products, building materials and DIY projects and general merchandise in Europe, Australasia, the United States and Africa. Co.'s big box format stores provide a one-stop shop solution to household and homeware goods shopping where customers can buy anything for their home, from flooring solutions, full kitchen installations, furniture to final decoration and accessories.
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