Des assemblées générales encore très animées cette année

The article describes the trends from the 2013 Proxy season in France. Remuneration topics remain high on the agenda of the shareholders, even though the Say On Pay has not been implemented yet in France (it will be in 2014). Resolutions of some major blue chips were voted with little margin and opposition from shareholders is strong when we analyze the votes of the minority shareholders. To avoid some last minute surprises, companies tend to engage with shareholders ahead of the AGMs and discuss the agenda, it has led some corporate to amend the resolutions and make it more acceptable to shareholders.