Klépierre, 16 Avril 2019
En termes de gouvernance, la société Klépierre est à saluer. Cela s'explique notamment par la séparation des fonctions de Président du Conseil et celui du Directoire.
Aussi, la société jouit d'un bon taux d'indépendance du Conseil (55,56%).
Concernant les rémunérations attribuées en 2018 et attribuables en 2019, le seul changement proposé concerne l’augmentation du fixe. Si cette hausse porte le fixe à des montants acceptables, les conséquences de cet écart ne le sont pas. En effet la société n’a pas modifié la structure de la rémunération variable à court et à moyen terme : cette hausse en apparence anodine se répercute sur l’ensemble de la rémunération, portant celle-ci à des montants très généreux pour une société du SBF120 et du secteur de l’immobilier.
On regrettera pourtant que ni l'indemnité de prise de fonction ni les rémunérations exceptionnelles ne soient plafonnées.
Par ailleurs, si un vote des actionnaires en assemblée générale est prévu sur les rémunérations exceptionnelles en cas de versement, ce n'est pas le cas de l'indemnité de prise de fonction, ce qui est regrettable.
Klepierre specializes in the development, rental, and asset management of real estate properties in 13 Continental Europe countries. Co. also provides services to third party customers. Co.'s properties include shopping centers, office buildings and shops. It structures its operation into business segments and geographic regions: Shopping centers are structured into 6 operating segments, and the remaining two operating segments are Retail Assets and Office Buildings. As of Dec 31 2013, Co.'s portfolio comprised 91 centers in France/Belgium, 25 centers in Scandinavia, 35 centers in Italy, 76 centers in Spain/Portugal, 23 centers in Central Europe, and 6 centers in other countries.
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