Report
Florian Béchaz
EUR 1000.00 For Business Accounts Only

Bic - Assemblée générale des actionnaires du 20 mai 2020

GOUVERNANCE

Le conseil n'est pas encore majoritairement indépendant d'après la définition de Proxinvest. De ce fait nous ne soutenons pas le renouvellement de Marie-Pauline Chandon-Moët dans la résolution 6.

REMUNERATION

L'alignement de la rémunération de Gonzalve Bich avec la performance ne peut être démontrée tant à court-terme qu'à long-terme mais sa position d'actionnaire minore cette critique. La structure de la rémunération est globalement acceptable. Les montants demeurent maîtrisés. Par conséquent, nous recommandons l’approbation de la résolution 13.

Underlying
Societe BIC SA

Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.

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
Florian Béchaz

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