Loïc Dessaint
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Proxy Report - 12/04/2018

Strong increase in dividend following high results during the year under review. Clear compliance statement with the Corporate Governance rules defined by the Budapest Stock Exchange.

Interesting governance model made of three bodies : an executive Board, a Board of Directors and a supervisory board.

However, ECGS guidelines are not fully satisfied :

- no yearly vote on executive remuneration ("Say On Pay")
- Lack of checks and balances (combined chairman-CEO, independence of the Board of Directors, participation of the chairman-CEO in the Governance and remuneration committee).

Moly Mines Ltd


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Loïc Dessaint

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