The proposed demerger seeks to separate the UK and Europe business from the rest of the group, while Prudential plc is going to focus on its market-leading businesses in Asia and the US. We agree with the company’s rational that Prudential Business and the M&G Business are distinct, with divergent market opportunities and strategies, offering different profiles of risk and reward. After the split, each entity will have more control over its business strategy and capital allocation. Despite the high cost of the spin-off, we consider that the approval of the proposed demerger is in the strategic interest of shareholders given the divergent character of the businesses and the accrued group size.
Also, Amy Yip joined the Board and its Remuneration committee in early September. This appointment improves the Board competence, independence, and gender diversity.
Prudential is a parent holding company. Co., together with its subsidiaries, is an international financial services group with its principal operations in Asia, the U.S. and the U.K. In Asia, Co. has operations in Hong Kong, Indonesia, Malaysia, Singapore and other markets. In the U.S., Co.'s principal subsidiary is Jackson National Life Insurance Company. In the U.K., Co. operates through its subsidiaries, primarily The Prudential Assurance Company Limited and M&G Investment Management Limited. Co. provides a range of retail financial products and services and asset management services throughout these territories.
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 :
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.
The independent financial analyst theScreener just awarded an improved star rating to PRUDENTIAL PLC. (GB), active in the Life Insurance industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date February 14, 2020, the closing price was GBp 1,476.50 and its expected value was estimated at GBp 1,409.51.
A detailed rational for PFI’s credit profile reflecting its leading US and Japanese life insurance franchises, global asset manager, and healthy capital backed by a capital support program.
In general, Carlsberg is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM 2 the supervisory board seeks approval of the Company's financial statements as well as discharge from liability. Although ECGS has no concerns over the annual accounts, it does not approve of the discharge requested since there is no (legal) requirement for it in Denmark. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 4a the supervisory board seeks approval for the Company's executive remuneration policy. ECGS notes that the maximum va...
La société propose cette année la nomination de Clothilde Lauzeral et Arnaud Taverne sur recommandation de la Caisse des Dépôts et en remplacements respectifs de Giorgio Frasca et Francis Szpiner. Proxinvest soutient un représentant pour chacun des 3 principaux actionnaires. Cependant, la CDC siège déjà au conseil. Ainsi, tant que le conseil ne comprendra pas une majorité de membres libres de tout conflit d'intérêts, la nomination d'un ou plusieurs administrateurs représentant cet actionnaire ne sera pas soutenue. Dans la lignée de la recommandation faite l’année dernière par Proxinvest sur l...
In general, Pandora is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5.5 it is proposed to re-appoint Ms. Birgitta Stymne Göransson as Member of the board of directors. In view of concerns over aggregate time commitments, ECGS normally would have recommended opposition. However, considering that the proxy card does not permit this, it recommends abstention instead. Under ITEM 5.8 it is proposed to newly appoint Ms. Marianne Kirkegaard as Member of the board of directors. Although she would qualify as independen...
In general, Wärtsilä is in compliance with the Finnish regulations relating the organisation and procedures of the Annual General Meeting. Under ITEM 10 the board of directors seeks approval for the Company's executive remuneration policy. ECGS notes that this is the first time that Wärtsilä puts its executive remuneration policy to a(n) advisory vote, which it strongly welcomes. ECGS furthermore applauds all the proposed changes to said policy. On the other hand, ECGS notes that the maximum variable remuneration is not in accordance with its guidelines. Accordingly, ECGS recommends to vote O...
Unfortunately, this report is not available for the investor type or country you selected.Browse all ResearchPool reports
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.