Report
Expert Corporate Governance Service (ECGS)

proxy report 06/06/2018

Item 6: The shareholder Cornwall (Luxembourg) S.à r.l., a subsidiary of Elliott Management Corporation, has requested that a further item be added to the agenda of the AGM: Resolution on the appointment of a special auditor. We consider the appointment of a special auditor at this point in time as too early and not in the interests of shareholders. We therefore recommend shareholders to oppose the request for appointment of a special auditor.

Underlying
Uniper SE

Uniper SE is a Germany-based energy generation and energy trading company. The Company operates through three segments: European Generation, Global Commodities and International Power Generation. The European Generation segment generates power and owns coal, gas, oil and combined gas and steam power plants, hydroelectric power plants, nuclear power stations in Sweden, a biomass plant in France, as well as solar and wind power facilities; the Global Commodities segment bundles the Company's energy trading activities, as well as its gas storage and supply business, and the International Power Generation segment comprises equity investments in energy generation companies in the Russian Federation and Brazil.

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 :

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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
Expert Corporate Governance Service (ECGS)

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