Résolutions 1 et 4 : Le quitus aux adminsitrateurs est regrettablement associé à l'approbation des comptes annuels et des comptes consolidés.
Résolutions 6 à 8 et 10 : Dans le cas d'un Conseil non majoritairement indépendant, Proxinvest soutient la candidature d'un administrateur représentant l'un des trois principaux actionnaires. Or, Proxinvest a soutenu à la précédente assemblée générale le renouvellement de Pascal Viguier, Président du Groupe Limagrain et Président Directeur Général du Groupe Limagrain Holding. Par conséquent, nous recommandons l'opposition.
Résolution 9 : Dans l'hypothèse du renouvellement d'un Président-Directeur Général qui, de par le cumul des fonctions, aura un rôle de « superviseur-supervisé », la composition d'un Conseil majoritairement constitué de membres libres de conflits d'intérêts potentiels nous semble être un élément préalable nécessaire afin de challenger le candidat, puis de se prononcer sur l'opportunité de proposer son renouvellement. Par conséquent, nous recommandons l'opposition.
Résolution 11 : Bpifrance Participations est le second actionnaire de la société avec 5,71% du capital et 3,40% des droits de vote. Proxinvest reconnaît donc sa légitimité à siéger au sein du Conseil. Par conséquent, nous recommandons l'approbation.
Vilmorin & Cie SA is engaged in the production, marketing and sale of vegetable and crop seeds for agricultural production and market gardeners. The Vegetable seeds division is involved in the production and sale of vegetable seeds under the brand names, such as Hazera-Nickerson, Vilmorin SA, HM.Clause and Mikado Kyowa Seed, among others, intended for the professional food market, including market gardeners, processors, and specialists in canning, specialists in deep-freezing and freeze-drying. The Field Seeds division is focused on field seeds, including corn, straw cereals, grape and sunflower seeds for European and American clients. The Garden Products division is structured around two companies, Vilmorin Jardin and Suttons. In March 15, 2013, it acquired the Bisco Bio Sciences of India. In October 2013, it announced that it has recently taken over Shamrock. In November 2013, it acquired Eureka Seeds Inc. In March 2014, it acquired Seed Asia based in Bangkok.
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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Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.
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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.
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