Legrand – AGM 27 May 2020
ITEM 13: The Company announced on February 28, 2020 that on July 1, 2020, Angeles Garcia-Poveda will become Chairman of the Board and Michel Landel will become Lead independent Director. It is highly appreciated that the Chairman of the Board be entrusted to an independent director. It should be noted, however, that Michel Landel is already Lead independent Director of Danone.
ITEM 8: For 2020, the Board had planned to increase the fixed remuneration of the Chief Executive Officer from €700,000 to €900,000. However, in view of the current crisis, Benoit Coquart has renounced this increase. This gesture is appreciated. In addition, the company proposes, exceptionally in view of the current crisis, that the target value of the 2020 performance shares be 100% of the fixed salary (as opposed to the 200% planned). Again, this gesture is appreciated.
Legrand is a global specialist in electrical and digital building infrastructure based in France. Co. offers a full range of control-and-command, cable management, energy distribution and "Voice-Data-Image" products and systems which are suitable for the international commercial, industrial, and residential segments of the low voltage market. Co. markets its products under internationally recognized general brand names, including Legrand and Bticino. Each product group is marketed in all of Co.'s major geographic markets (France, Italy, Rest of Europe, USA/Canada and Rest of the World).
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 :
- Proxy reports
- Definition and monitoring of client customized voting guidelines
- Corporate Governance Data and Rating
- Thematic research
- Engagement support
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.