AXA - AGM 24 April 2019
Once again, the total remunerations granted to the CEO and the Chairman of the Board are excessive (items 4-5).
Items 6-7: the remuneration principles for the CEO and the Chairman of the Board for the next financial year remain unchanged.
Item 9 seeks shareholder approval to re-elect Jean-Pierre Clamadieu as Director, for a 4 year term. If approved, he will replace Jean-Martin Folz as independent lead director and Chairman of the Compensation and Governance Committee. He is considered as independent, ECGS recommends that shareholders approve this re-election, as well as the ratification of the cooptation of Elaine Sarsynski, also considered as independent (item 10).
AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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