Report
Jehanne Leroy
EUR 508.94 For Business Accounts Only

Proxy Report - AGM 07/02/2018

Après avoir communiqué sa documentation à J-15 en 2017, la société communique cette année à J-19. Si cette amélioration est appréciable, en revanche, il n'en demeure pas moins que la société ne respecte pas la Loi. Ce manquement est, cette année encore, sanctionné par une recommandation négative dans l'approbation des comptes sociaux.

Concernant la politique de rémunération des dirigeants (pour la première fois mise aux voix), si globalement, la communication de la société est plutôt claire, notamment sur le bonus annuel, on notera toutefois qu'elle ne communique pas les montants des rémunérations fixes en jeu, ce qui ne permet pas aux actionnaires d'estimer les montants totaux en jeu. Ce manquement est sanctionné par une recommandation négative en résolution 7.

Underlying
EXEL Industries SA

EXEL Industries designs and manufactures precision spraying equipment that it markets to three markets: farming, industry and consumers. Co. organizes its operations into two divisions: Plant Protection (manufactures professional, semi-professional and consumer agricultural spraying equipment for plant protection; plant health products sprayed include herbicides, insecticides, fungicides, liquid fertilizers and other products) and Material Protection (supply of material protection products in two different areas: paint and viscous industrial product application equipment; and elimination of dust and odors).

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.

Proxinvest main services are :

  • ​Proxy reports
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  • Thematic research
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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. 

Analysts
Jehanne Leroy

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