Browsing All posts tagged under »Finmeccanica«

The Parliament approved (even worsening) the law on multiple voting shares: a measure to strengthen major shareholders.

September 11, 2014

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Since 20 August, date of publication on the Official Gazette, the Italian law allows listed and private companies to issue multiple voting shares. Here are the main changes, as partially amended by the Parliament.   Additional voting right: Italian listed companies may assign an additional voting right to each common share uninterruptedly held for at […]

The Italian “shareholders’ spring” is very late, but something is changing

June 29, 2012

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A strongly concentrated ownership structure, local actors that are basically passive and its nature of peripheral market for large institutional investors contributed to keep Italian companies far from the “shareholders’ spring”. No relevant news came from the 2012 proxy season, or at least it seems so looking at the meeting minutes: remuneration policies, incentive plans […]

ECGS is on the front line at the European “shareholders’ spring”

June 25, 2012

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Even though the high concentrated shareholder structure affected the meetings’ results, strongly diluting the against votes, also in continental Europe the so-called (maybe too optimistically) “shareholders’ spring” produced some relevant results. The ECGS’ partners in many cases led the protests, also obtaining resounding results. In Switzerland, Ethos (ECGS’ partner representing more than 100 pension funds) […]

Frontis Governance’s analysis of Directors remuneration – FTSE MIB 2011

May 24, 2012

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Frontis Governance publishes its first report on Directors’ remuneration at main Italian companies, highlighting a real gap between the executives’ and the long-term shareholders’ interests: Despite the average Total Shareholder Return (made of market value and dividends) was equal to -19% at FTSE MIB companies, the average remuneration of the CEO increased of more than […]