Pernod Ricard - 2018, november 21
ITEM 5 to 8
Board composition is still a problem this year:
- Combined CEO/Chairman without Lead Independent Director;
- Only 35.71% of directors are independent;
- Over-representation of the Paul Ricard shareholder agreement: 5 directors affiliated
with Paul Ricard SA and Rafaël Conzalez-Gallarza (36% of the board while they hold
only 15% of the capital);
-Over-representation of GBL: 2 directors (14% of the board while they own only 7.5% of
the capital);
Moreover, Proxinvest draw shareholders’ attention on the compensation policy of
Alexandre Ricard for the next year. His fixed compensation will increase by 15%, which
is excessive and justifies a negative voting recommendation (item 10).
Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.
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