Report
Jehanne Leroy
EUR 1000.00 For Business Accounts Only

BNP Paribas - Assemblée Générale du 19 mai 2020

Communiqué du 2/4/20 (/sites/default/files/documents/cp_bnpp_ca_02042020_vf3_fr.pdf) : annulation du dividende.

Rémunérations
La société ne propose de modification négative de la politique de rémunérations des dirigeants, aussi, nous soutenons la résolution 13. Cependant, la politique de rémunérations du Président ne respecte pas notre politique de vote (cf. résolution 12: rémunération excessive), de même que celle du DG (voir résolution 13 : rémunérations fixe et totale excessives et critère de performance de la rémunération long-terme peu exigeant). Or, en vertu de l'alinéa 2 du II de l'article L. 225-100 du Code de commerce, seul le rejet de la résolution visant l'approbation du rapport d'information sur les rémunérations (résolution 14), contraindrait le conseil à présenter à l’assemblée générale des actionnaires une politique de rémunération révisée. Proxinvest souhaite voir le conseil proposer une politique de rémunération amendée et nous recommandons donc de s’opposer à cette résolution.

 

Underlying
BNP Paribas SA Class A

BNP Paribas is engaged in the provision of banking and financial services. Co.'s business activities are divided into two segments: Retail Banking & Services and Corporate and Investment Banking. The Retail Banking and Services business includes domestic markets and international financial services. The Corporate and Institutional Banking comprises of corporate banking, global markets, and securities services. Other activities include principal investments, which related to Co.'s central treasury function, some costs related to crossbusiness projects, the residential mortgage lending business of personal finance, and certain investments.

Provider
Proxinvest
Proxinvest

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. 

Analysts
Jehanne Leroy

Other Reports on these Companies
Other Reports from Proxinvest

ResearchPool Subscriptions

Get the most out of your insights

Get in touch