Thales – AGM 6 May 2020
ITEM 7: Concerning the Chairman and Chief Executive Officer's compensation policy for 2020, the company proposes one main change: the replacement of the progressive and conditional deferred compensation by a defined contribution pension plan. Although we regret that the company does not disclose the contribution rate or the contribution scale, the overall package remains reasonable with a total pension including all plans of €264,000 below our limit of €450,000 per year and a saving for the company. A favourable vote seems therefore justified.
Thales is an electronics and systems group, serving defense, aeronautics, transport, space and security markets. Co.'s operations can be divided into four operating segments: Aerospace (Avionics, Space), Transportation (Ground Transport Systems), Defence & Security (Secure Communications & Information Systems Land and Air Systems, Defence Mission Systems), and DCNS. Co. designs and delivers systems for all four environments: air, land, sea and space. These systems detect and assess threats, manage information, support command decisions and control engagements through to threat neutralization. Co. is active in ground transportation; air transport; navigation systems.
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