Report
Expert Corporate Governance Service (ECGS)
EUR 500.00 For Business Accounts Only

Dassault Aviation - AGM and EGM 16 May 2019

ECGS draws shareholders attention to several breaches:

The structure of the remunerations granted in 2018 to Eric Trappier and Loïk Segalen is unbalanced. The annual base salary is too high, there is no annual variable remuneration and an absence of real long-term incentives. Furthermore, there is no improvement regarding the proposed remuneration policy for 2019.

 Concerning the Company’s Corporate Governance, there is a lack of independent members on board (33%). Therefore, we will not support the re-elections of Olivier Dassault and Eric Trappier.

Underlying
Dassault Aviation SA

Dassault Aviation is a player in the civil and military aviation industry. Co. designs, manufactures and sells combat aircraft under the names Rafale, Mirage 2000, nEUROn and executive jets under the name Falcon (Falcon 7X, Falcon 900LX, Falcon 2000LX) and business jets. Co. produces combat aircraft. Rafale is a fighter aircraft with a "delta-canard" configuration. Mirage 2000 is a combat aircraft operated in environments ranging from deserts to tropical forests. nEUROn is an unmanned combat aircraft vehicle demonstrator. Falcon is used for passenger transportation by entrepreneurs, executives of companies and governments. Co. also offers maintenance services, follow up and repair services.

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
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  • 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.

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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
Expert Corporate Governance Service (ECGS)

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