Vranken-Pommery Monopole - Assemblée Générale des actionnaires du 05 juin 2019
Même si la société est familiale et contrôlée, la gouvernance présente de nombreuses faiblesses qui ne respectent pas les principes de Proxinvest avec notamment un conseil composé très majoritairement de membres non-libre de conflits d'intérêts, l'existence de droits de vote double.
La société propose de reverser un dividende de 0,80 € aux actionnaires. Compte tenu de son endettement significatif, la société devrait allouer cette somme à l’apurement de ses dettes.
Par ailleurs la société s’autorise toujours à intervenir en période d’offre publique, cela ne respecte pas nos préconisations.
Enfin, le rapport ne présente plus la convention de prestation de services « liant les membres des organes d’Administration, de Direction ou de Surveillance à la Société ou à l’une quelconque de ses filiales » (rapport de référence 2018). Ces lacunes en matière de transparence ne nous permettent pas de cautionner la déqualification de cette convention qu’il est opportun de sanctionner par le rejet de la résolution 4.
Vranken-Pommery Monopole is engaged in the production, marketing and distribution of alcoholic beverages, primarily champagne, porto and pink wine (Rose). Co.'s brands are Pommery, Vranken, Heidsieck & Cdeg Monopole and Charles Lafitte for champagne; Sao Pedro, Rozes et Terras do Grifo for Porto; and Listel and Chapelle Gordonne et Billette for pink wine (Rose). Co.'s activities can be divided into three segments: Vineyard which focuses on managing Co.'s vineyard and wine-producing activities; Production of champagne, porto and pink wine; and Distribution and Marketing of products.
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