Proxy Report - 15/05/2018
ITEMS 9 to 12: The company proposes to renew the mandate of 3 board members affiliated to Credit Agricole, the controlling shareholder and 1 board member affiliated to Société Générale.
Although Credit Agricole is not overrepresented on the Board of Amundi, the Board's independence rate (30.7%) still does not respect our Guidelines (at least 50%). Hence we cannot support the re-election of the 3 directors linked to Crédit Agricole. Due to this low independence rate, we cannot support the reelection of the director linked to Société Générale (even more since Société Générale is no longer a shareholder of the company).
Moreover, 3 out these 4 directors have attendance rates below 75%.
Amundi is a holding company. Through its subsidiaries, Co. provides advisory and investment management services. Co. provides savings, financial instruments, equity trading, credit activities, and investment solutions for both private individuals and institutional and corporate clients worldwide.
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