Proxy Report - 17/05/2018
The company proposes to shareholders to approve the 2018 executives’ remuneration policy. Amounts to be granted (disclosed on a separate press release) are acceptable. However, the company does not disclose performance condition of the annual bonus or options.
Regarding the latest, the company’s practice is far from French and European practice. For example, Mr Hofer received 9,394 stock options in February 6, 2017, valued at €21,826 by the company. At its meeting on December 6, 2017, the Board considered that performance targets were achieved and all options granted can be vested (less than 10 months after grant!). At the current share price (€29.36/share as of April 26, 2018) this amounts to €275,807.84.
JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
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