Vinci - AGM 9 april 2020
ITEM 7: The 2020 remuneration policy of the Chairman and CEO of Vinci still comprises some major flaws and allows for excessive amounts. Thus, as no change is proposed for 2020, we do not support it and recommend shareholders to oppose.
ITEM 9: Although company’s disclosure allows for a good understanding of amounts granted, performance objectives of long-term variable are questionable as they are not sufficiently challenging. Moreover, the total remuneration is excessive compared to index and sector practices. Thus, we recommend shareholders to oppose.
Vinci is engaged in building, civil engineering and facilities management. Through its subsidiaries, Co. is engaged in five divisions comprising of: the Building division which provides retail solutions including construction and fit-out in both the retail and commercial sectors; the Civil Engineering division; the Air division which provides program management, engineering and construction services to customers with airport infrastructure requirements; the Technology division; and the VINCI Facilities division which provides facilities management, repair and maintenance and small works in both the private and public sectors.
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