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.
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.
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