Mrs Herbaut, employee representative director, decided not to present herself for renewal. Hence, the company proposes 5 candidates to replace her (item 10 to 14).
However, although shareholders are required to elect this new director, no information that could have help them in their choice is provided (such as ESOP elections process, or "which ESOP proposed which candidate ?", or "what is the composition of these Supervisory boards ?").
Even worse, the company refuses to communicate any additional information.
Therefore, as the company is a "SE", and that shareholders can abstain (and their vote will not be counted as « Oppose »), and by doing so clearly indicating that they cannot decide, we recommend shareholders abstain on these 5 items.
Schneider Electric is engaged in energy management. Co. is organized into four areas: Buildings and Partner, Infrastructure, Industry and IT; and operates in four principal markets: non-residential & residential buildings, utilities & infrastructure, industry & machine manufacturers and data centers & networks. The non-residential and residential buildings market includes end-users, property developers, design firms, and systems integrators. The utilities and infrastructure market includes energy operators. The industries market serves end users and companies, and engineering firms. The data centers and networks contain servers that process and store digital data in secure rooms.
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