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French listed companies urged not to infringe shareholder rights despite Covid-19

( November 25, 2020, 10:59 GMT | Official Statement) -- MLex Summary: French listed companies may have infringed shareholders' rights to ask oral questions by holding general meetings in private due to Covid-19 restrictions, the national financial markets authority has said. Some companies didn't offer a webcast of proceedings, and none allowed electronic voting, the AMF study said. Information on performance criteria for pay and bonuses wasn't detailed enough, in particular when recommending a pay hike following a merger, the review said. Third-party "proxy advisors" who issue guidance on how investors should vote were invited to published details of any conflicts of interest in an annual report, under new French legislation.Statement follows. Report attached (in French). ...

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