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French Annual General Meeting Season Review 2020

20 November 2020

In many aspects of the 2020 proxy season in France, the turn of events was totally unprecedented. The Covid-19 pandemic deeply impacted the economic environment all over the world and practically every aspect of our lives. Corporate life was no exception. For our clients and more, Annual General Meetings (AGMs) were held with new constraints, using new digital means, mostly behind closed doors. In terms of content, issuers had to often propose reduced dividends if not canceled, announcing executive pay cuts, facing stronger shareholder engagement and activism, while an increasing number of Companies brought the discussion on their social engagement through Corporate Purpose. This is unprecedented and yet…

By Alexandre Prost and Benoît Belliat

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