The Board seeks shareholder approval of the new remuneration policy and new long-term incentive plan. The LTI is replaced by a restricted share grant for employees, including the top managers and executives, which we do not consider appropriate even in the current unpredictable situation. The Company failed to convince us and provide sustainable strategic reasons for implementing a new policy and LTIP. We support the British Investment Association which writes that the inability to set meaningful performance targets is not a reason in itself to move to a restricted share model.
ECGS opposes restricted share grants to executive directors. We also have serious concerns about the probable windfall gain encouraged by the presented plan rules. Finally, a restricted share award of 200% of salary is simply excessive.
Informa is a holding company. Through its subsidiaries, Co. is engaged in Global Exhibitions, which organises transaction-oriented Exhibitions and trade shows, providing buyers and sellers across different industries and communities with a platform to meet face to face, build relationships and conduct business; Business Intelligence, which provides specialist data, intelligence and insight to businesses; Academic Publishing, which publishes peer-reviewed scholarly research and specialist reference-led academic content; Knowledge and Networking, which organises content-driven events and programmes that provide a platform for communities to meet, network and share knowledge.
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 :
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.
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