ITEM 3.2 - Advisory vote on the remuneration report. The remuneration report is not in line with Ethos' guidelines. Ethos recommends to OPPOSE.
ITEM 7.1 - Binding prospective vote on the total remuneration of the board of directors.
The remuneration is significantly higher than that of the peer group. Ethos recommends to OPPOSE.
ITEM 7.2 - Binding prospective vote on the fixed remuneration of the executive management. The fixed remuneration of the CEO is significantly higher than that of the peer group. Ethos recommends to OPPOSE.
ITEM 7.3 - Binding vote on the total variable remuneration of the executive management. The maximum amount that can be effectively paid out in case of overachievement of targets is significantly higher than the amount requested at the general meeting. The requested amount does not allow to respect Ethos' guidelines.
Ethos recommends to OPPOSE.
Barry Callebaut is a cocoa and chocolate company, engaged in serving the food industry, from food manufacturers to professional users of chocolate such as chocolatiers, pastry chefs or bakers and products for vending machines. Co. offers a range of chocolate and other cocoabased products with numerous recipes. Co. also provides a comprehensive range of services in the fields of product development, processing, training and marketing. Co. is fully vertically integrated along the entire value chain: from sourcing of raw materials to finished products on the shelf. Co.'s operations are organized in three business units: Cocoa, Food Manufacturers, Gourmet & Specialties Products.
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