Report
Jehanne Leroy
EUR 492.40 For Business Accounts Only

Etude de l'AG du 27/04/2017

Après une rémunération record de 6,3 M€ en 2015, M. Kessler s'est vue attribuer au titre de 2016 la somme de 7,96 M€ (398 SMICs). S'il est appréciable qu'une partie de sa rémunération variable long-terme ait, cette année, pris la forme du LTIP, dont les conditions de performance sont mesurées sur 6 années, on constate qu'il s'est tout de même vu attribuer des options en vertu de la résolution approuvée en 2015, et dont les conditions de performance ne sont mesurées que sur 2 années.

Par ailleurs, la société continue sa pratique de rémunération de la sous-performance pour ses critères de rémunération long-terme. Ce n'est pas acceptable et il est grand temps que la société entende la grogne de ses actionnaires et s'interdise ce genre de pratique bénéficiant au premier dirigeant. C’est notamment au regard de ce dernier point que Proxinvest recommande aux actionnaires de ne pas soutenir une politique de rémunération qui autorise de telles pratiques.

Underlying
Scor SE

SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.

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
  • Definition and monitoring of client customized voting guidelines
  • Corporate Governance Data and Rating
  • Thematic research
  • Engagement support

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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