Report
Jehanne Leroy
EUR 1000.00 For Business Accounts Only

La Française des Jeux - Assemblée Générale des actionnaires du 18 Juin 2020

Première Assemblée Générale de la société depuis son introduction en bourse en Novembre 2019.

Si les rémunérations 2019 des dirigeants ne posent pas particulièrement de problèmes, la politique de rémunération pour 2020 comprend un élément négatif majeur : la mesure des conditions de performance des actions de performance qui seraient attribuées en 2020 (attribution repoussée en 2021 au regard des circonstances actuelles) ne porte que sur 2 exercices, ce qui ne correspond ni à nos principes (5 ans, avec une durée minimale de 3 ans) ni à la pratique en France (3 ans). Seule une mesure sur 3 ans minimum permet de qualifier une rémunération de long-terme et d’assurer un alignement entre les intérêts des actionnaires de long-terme et la performance long-terme des dirigeants. Pour cette raison, nous ne soutenons pas la politique de rémunération présentée.

Underlying
La Francaise des Jeux SA

La Francaise des Jeux is a France-based semi-public company that operates lottery and online games. The Company operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale (as of December 31, 2010), including LOTO points of sale, tobacconists and newsagents. The Company's scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The Company is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere. The Company owns various subsidiaries, including Pacifique des Jeux and FDJ Developpement for the distribution in French overseas territory; Societe de Gestion de l'Echappee, which manages the Company-sponsored professional cycling team; Francaise de Motivation, Francaise d'Images, Lotsys and LVS.

Provider
Proxinvest
Proxinvest

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Analysts
Jehanne Leroy

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