Anheuser-Busch Inbev – AGM 29 April 2020
Covid-19 Alert
Considering the Covid-19 pandemic and the measures and recommendations made by public authorities in Europe and Belgium, AB-Inbev strongly encourages shareholders not to attend the Meeting in person nor to vote by proxy, but instead to vote remotely ahead of the Meeting. The Company may communicate further in relation to the date, attendance and organisation of the Meeting by way of a press release.
ANNUAL GENERAL MEETING
Overall, Anheuser-Busch Inbev ("AB InBev") is compliant with the Belgian regulations, relating to the organization and procedures of the Annual General Meeting.Due to a lack of independence on the board (33%), ECGS recommends to vote OPPOSE to the re-election of the non-independent Directors: Alexandre Van Damme (ITEM 8c), Grégoire de Spoelberch (ITEM 8d), Paul Cornet de Ways Ruart (ITEM 8e), Paulo Lemman (ITEM 8f), María Asuncion Aramburuzabala (ITEM 8g), Martin J. Barrington (ITEM 8i), William F.Gifford(ITEM 8j), Alejandro Santo Domingo Dávila (ITEM 8k).
For the same reason ECGS recommends to vote OPPOSE to the election of M. Roberto Thompson Motta, representing the Reference shareholder (ITEM 8h).
In ITEM 9, the board of directors seeks approval of the Company's remuneration report. ECGS has concerns over excessive payments and deems the level of executive compensation at AB InBev significantly above Belgian market standards. Furthermore, ECGS does not approve long term incentive plans that do not operate one or more challenging performance conditions. Therefore, we recommend shareholders to OPPOSE.
Concerning the EXTRAORDINARY GENERAL MEETING, no underlying concern has arisen.
Anheuser-Busch Inbev is engaged in the brewing of beer. Co. manages a portfolio of well over 200 brands that includes brands such as Budweiser, Stella Artois and Beck's; multi-country brands such as Leffe and Hoegaarden; and other brands such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler. Co. also produces and distributes soft drinks, particularly in Latin America. Co.'s operations are organized along seven business segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific and Global Export & Holding Companies.
Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.
Proxinvest main services are :
- Proxy reports
- Definition and monitoring of client customized voting guidelines
- Corporate Governance Data and Rating
- Thematic research
- Engagement support
Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.
Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.
As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.