Vallourec - Assemblée générale des actionnaires du 23 mai 2019
Proxinvest apprécie la transparence de la société sur les rémunérations attribuées et attribuables. Si la structure est quelque peu déséquilibrée (insuffisance de long terme), ce qui est compréhensible en raison de la situation de la société, la transparence reste à saluer. La très bonne communication de la société permet de clairement établir le lien entre performances effectives et montants attribués, ce qui nous permet de soutenir les résolutions sur les rémunérations attribuées au titre de l’exercice 2018.
Cependant Proxinvest recommandera l’opposition aux politiques de rémunérations des membres du Directoire au regard des indemnités postérieures à l’emploi excessives.
Par ailleurs, la société présente toujours des pertes opérationnelles impressionnantes.
Enfin Proxinvest note la bonne indépendance du conseil de Surveillance qui permet d’approuver l’ensemble des rénouvellements.
Vallourec is a holding company. Through its subsidiaries, Co. supplies tubular solutions, mainly for the energy markets as well as other industrial applications. Co.'s activities can be divided into two segments: the Seamless tubes segment (production of hot-rolled seamless carbon and alloy steel tubes, both smooth and threaded, for the oil and gas industry); and the Speciality Products segment (production of stainless steel and titanium tubes as well as specific forming and machining activities). Co. is organized into four divisions: Energy and Industry division; Oil Country Tubular Goods division; Drilling Products division; and Brazil division.
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