Report
Expert Corporate Governance Service (ECGS)
EUR 1000.00 For Business Accounts Only

Suez – AGM 12 May 2020

ECGS draws attention first of all to the fact that this year sees the end of the governance changes initiated in the 2019 fiscal year. Indeed, Jean-Louis Chaussade has left his position as Chief Executive Officer to make way for Bertrand Camus. From May 2019 to the present meeting, Jean-Louis Chaussade was Chairman of the Board of Suez. Following the meeting, the chairmanship of the Board will be given to Philippe Varin.

ECGS then notes the issue of remuneration for the coming financial year of the new Chairman and the compensation of Jean-Louis Chaussade for his duties as Chairman in 2019. ECGS also notes the company's high level of transparency.

Secondly, ECGS regrets that the company has decided to apply the maximum legal discount for financial delegations without pre-emptive rights.

Underlying
SUEZ SA

Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).

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.

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Analysts
Expert Corporate Governance Service (ECGS)

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