Bouygues - AGM 4 September 2020
Item 1: On 1 April 2020, the company reviewed its objectives and decided not to propose a dividend because of Covid-19 health crisis. With a view to being a responsible long-term investor and in the health, economic and social context, ECGS supported the decision to postpone the distribution of dividends.
Although the health crisis has not yet come to an end and the economic outlook for many sectors remains uncertain, we appreciate the fact that the company has taken the time to reflect in order to calmly assess the extent and intensity of the consequences of this crisis for its field of activity. However, it is regrettable that the half-yearly financial statements will not be available sufficiently in advance of this General Meeting, as they will only be available on 27 August 2020, whereas the General Meeting will be held on 04 September 2020. The publication of the half-year results sufficiently in advance of the shareholders' vote would have enabled shareholders to have a more precise idea of the impact of the health crisis on the group's activities before deciding on the distribution of dividends.
Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
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.