Report
Pierre-Antoine Bourgoin
EUR 1000.00 For Business Accounts Only

Orège - Assemblée Générale des Actionnaires du 29 Juillet 2020

La présente assemblée générale propose le renouvellement de l'ensemble des administrateurs. Cette pratique ne paraît pas la plus opportune dans la mesure où elle ne permet pas un renouvellement échelonné des administrateurs permettant une rotation de ceux-ci tout en garantissant un certain maintien des compétences. Par ailleurs, le renouvellement de leurs mandats pour une durée de 6 ans, au-delà de ne pas correspondre aux pratiques de la place, ne permet pas aux actionnaires de se prononcer fréquemment.

La Société communique désormais quelques éléments de la politique de rémunération. Il est notamment communiqué le montant de la rémunération fixe du Directeur Général et du Directeur Général Délégué pour l’exercice 2020. Bien que la politique de rémunération soit largement perfectible, il est appréciable d’avoir un progrès sur ce point. Afin d’entériner ce progrès nous recommandons l’approbation (résolution 8). Proxinvest recommande de voter contre le rapport rémunération afin de contraindre le conseil a présenter une politique de rémunération amendée (résolution 5).

Underlying
Orege S.A.

Orege SA is a France-based company active in the environmental industry. The Company offers solutions of the treatment of effluents, such as wastewater and sludge, for industrials in the oil and gas, petrochemical and chemical sectors, as well as for the food and beverage and municipals industries. It provides water treatment units, which are later operated by customers in partnership with the Company, and water purification services, which involve the setting up for a determined period of time (from one month to over a year depending on the case) of a treatment on the customers site for one-off treatment work. In March 2014, Eren's stake in the Company increased up to 69.22% of capital and 60.52% of voting rights as result of takeover bid launched together with certain shareholders. In March 2014, Eren SA acquired 48.9% of the Company.

Provider
Proxinvest
Proxinvest

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.

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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. 

Analysts
Pierre-Antoine Bourgoin

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