Report
Jehanne Leroy

Proxy Report - 24/05/2018

La société a sensiblement amélioré sa communication concernant les rémunérations attribués au titre de l'exercice passé. Ainsi, elle communique désormais le taux de réalisation précis pour chacun des critères du bonus 2017. De plus, la société a enfin porté la mesure de la performance des critères du LTI à 3 années, s'lignant ainsi non seulement sur les préconisations de Proxinvest, mais également sur les pratiques de marché. Nous l'en félicitons et soutenons la résolution 8.

Cependant, la structure de la politique de rémunération est toujours trop généreuse et ne nous permet toujours pas de la soutenir. Ainsi, nous recommandons l'opposition à la résolution 9.

Underlying
Worldline SA

Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).

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 :

  • ​Proxy reports
  • Definition and monitoring of client customized voting guidelines
  • Corporate Governance Data and Rating
  • Thematic research
  • Engagement support

Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.

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
Jehanne Leroy

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