Tonnellerie François Frères - Assemblée Générale des actionnaires du 30 octobre 2020
Les politiques de rémunérations des Présidents du directoire et du conseil ne proposent pas de changement négatif par rapport aux précédentes politiques ; elles sont donc acceptables et nous les soutenons.
Toutefois, dans le cadre de la présentation des éléments mentionnés du L225-37-3 du Code de Commerce ("Rapport Rémunérations"), la société aurait dû présenter ensemble et d'une manière qui permette la comparaison les éléments suivants :
- L'évolution annuelle de la rémunération,
- des performances de la société,
- de la rémunération moyenne sur une base équivalent temps plein des salariés de la société, autres que les dirigeants, et
- des ratios mentionnés au 6°, au cours des cinq exercices les plus récents au moins.
Or, si elle présente bien les rémunérations et les ratios, la société ne présente toutefois pas ses performances sur les 5 dernières années. Rares sont les sociétés n'ayant pas présenté cette information capitale dans leur "Rapport Rémunérations". Ce manquement n'est pas acceptable. Nous ne soutenons donc pas la résolution 5.
Tonnellerie Francois Freres S.A.. TFF Group, formerly Tonnellerie Francois Freres SA, is a France-based company that manufactures and distributes oak barrels that are used to conserve and transport liquids. The Company has four core businesses: stave milling, cooperage, cask manufacturing and oak wine-aging products. Tonnellerie Francois Freres SA also offers oak products for oenology, where the wine is put in contact with wood in varied forms, and has developed products for the alcohol maturing and aging market, especially the whisky market. The Company offers four brands of barrels: Exclusif, Privilege, Classique and Horizon. As of December 31, 2011, Tonnellerie Francois Freres SA operated through its subsidiaries, including: Sogibois, Bouyoud, Treuil, Francois Inc, Classic Oak New Zealand, Demptos Napa, among others. The Company has operating units in France, the United States, Spain, Hungary, South Africa, China, New Zealand, Australia and Ireland. In May 2016, the Company acquired metal manufacturer SAS Lejeune.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.