Etude de l'AG du 16/05/2017
The company now properly discloses information related to its Chairman and CEO Gauthier Louette. This allows shareholders to clearly evaluate whether amounts granted are aligned with the group’(s performance.
We note that a LTI plan was implemented in 2016. Its performance criteria are quite challenging and they do not allow vesting in case of underperformance.
Considering these improvements, Proxinvest supports items 5 and 6.
However, post-employments benefits remain excessive. Hence, we recommend shareholders oppose item 4 related to related-party agreements.
Spie is a provider of electrical engineering and IT services and an infrastructure and building contractor. Co. helps to design, finance, manage and implement an array of projects ranging from high-speed TGV and conventional rail lines to metros and light rail systems. In addition, Co. offers telecom and information network services. Through the Commercial Segment, Co. is engaged in construction and renovation projects. Co. also offers wired building services as well as multi-disciplinary industrial maintenance and facilities management solutions.
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