Nicox SA - Assemblée Générale des actionnaires du 04 juin 2019
La rémunération attribuée au titre de l'exercice 2018 a particulièrement retenue notre attention en raison du caractère excessif des attributions d'actions gratuites dont les critères de performances sont mesurées sur seulement une année.
Par ailleurs, toujours concernant la rémunération du Président Directeur Général, la société fait preuve de peu de transparence. Notamment pour ce qui est des critères de performances du bonus annuel et des attributions gratuites d'actions qui ne sont pas communiqués, ce que la société justifie par leur caractère confidentiel.
Il est appréciable que la société ait réduit le volume des actions gratuites et des stock-options attribuées au Directeur Général pour l'exercice 2019, ce qui entraîne une recommandation positive pour la résolution 6. Toutefois, on attend de la société qu'elle porte la mesure des critères de performances à 3 ans pour ses futures politiques de rémunération afin que les actions gratuites et les stock-options, instrument censés alligner les intérêts long-terme des actionnaires et des dirigeants, soient vraiment liées à la performance long-terme de la société.
Nicox is engaged in the ophthalmic market. Co. markets several ophthalmic products in the United States and Europe with a portfolio of therapies and diagnostic tools that can help people to enhance their sight. Co. has developed naproxcinod, the first member of the Cyclooxygenase-Inhibiting Nitric Oxide-Donating (CINOD) class of anti-inflammatory agents, for the treatment of the signs and symptoms of osteoarthritis. Beyond naproxcinod, Co. has a pipeline containing multiple nitric oxide-donating NCEs, which are in clinical development with partners for the treatment of diseases, such as hypertension, glaucoma and Chronic Obstructive Pulmonary Disease (COPD).
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.