Proxy Report - 12/04/2018
La communication de la société en termes de rémunérations attribuées ou attribuables ne change pas et reste désespérément inférieures aux pratiques du marché français et européens. En effet, concernant les rémunérations attribuées en 2017, la société est l’un des seules sociétés du CAC 40 à ne pas communiquer les taux de réalisation des critères du bonus annuel et à mesurer les conditions de performance attachées à ses plans d’actions gratuites sur une période inférieure à 3 années.
Concernant les rémunérations attribuables au titre de 2018, la société n’annonce pas les futures conditions de performance des actions gratuites (et si elles sont identiques à celles pratiquées jusque-là, elles seront, semble-t-il, dépourvues d’ambition). Par ailleurs, les rémunérations maximales de MM. Arnault et Belloni pourraient atteindre respectivement 9,97 M€ et 13,5 M€, ce qui est, évidemment, excessif.
LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.
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.
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