Auto Trader Group - AGM 19 September 2019
ITEM 4: To re-elect as a director, Ed Williams
With the nomination of Catherine Faiers as COO and member of the Board in May 2019, the Board has now an independence rate of 42.8% according to ECGS, which is below our recommendation of 50%. As Chairman of the Nomination Committee, we believe Ed Williams to be directly responsible for this lack of independence.
Auto Trader Group operates a digital automotive marketplace. Consumers can search from around 450,000 used cars and 6,000 new cars on the marketplace each month, using a standard make/model search or via discovery search if they aren't sure of the exact vehicle they want. In addition, Co. provides consumers services to help them make an informed decision about the car they are looking to buy, these include: vehicle check, finance, and insurance. Co. also provides free vehicle valuations providing both a private sale price as well as a part-exchange price. Furthermore, Co. provides retailers display advertising packages so they can promote their business as well as individual vehicles.
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