CNP Assurances – AGM 17 April 2020
Note: ECGS does not provide any advice to the company other than to assist in the management of the voting policy of the shares held.
Amendment published in the "BALO" of April 1, 2020 (): the Board has decided to withdraw the recommendation to pay the final dividend.
This is an important year for the company. Indeed, the company's shareholding has undergone major changes. The State had announced its intention to create a French insurance and reinsurance pole. CNP Assurances is now majority owned by Banque Postale. La Banque Postale is in turn owned by La Poste. La Poste is owned by Caisse des Dépôts (CDC), a government vehicle.
Items 13 to 21 : As a result of these changes in ownership, the company's Board of Directors has been profoundly modified with the appointment of many new members and the departure of others.. However, ECGS believes that the company should have seized this opportunity to introduce more independence in this board.
CNP Assurances is an insurance company. Co. designs, develops, distributes and manages savings, pension & personal risk, and term creditor products. Co. offers savings products and insurance against the risks of everyday life to its customers. Co.'s operations are organized along three business segments. The Savings business concerns products enabling policyholders to build up capital which they can cash in. The Pensions business concerns products designed to enable policyholders to receive an annuity or lump sum on retirement. The Personal Risk business includes products enabling policyholders to insure against the risks of death, accident or illness, property damage or liability claims.
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