On\u00a0April 13, 2012\u00a0Etica\u00a0Sgr\u00a0has\u00a0participated for the\u00a0second time\u00a0to Piaggio shareholders meeting,\u00a0held\u00a0in Milan. It was\u00a0voted\u00a0in favor of\u00a0all\u00a0agenda items, although\u00a0Etica Sgr\u00a0wanted to emphasize\u00a0a lack of transparency\u00a0concerning\u00a0the mechanisms\u00a0underlying the\u00a0stock option plans\u00a0and the lack of\u00a0remuneration\u00a0linked\u00a0to\u00a0socio-environmental\u00a0objectives.
\nEtica has also intervened\u00a0complimenting\u00a0the good level of\u00a0social and\u00a0environmental reporting\u00a0achieved by the company,\u00a0urging\u00a0the management to\u00a0go\u00a0in\u00a0a progressive manner\u00a0toward a\u00a0wider coverage\u00a0of the indicators\u00a0of the\u00a0GRI\u00a0(Global\u00a0Reporting\u00a0Initiative), for\u00a0the Italian plants\u00a0as well as the\u00a0foreign ones.
\nAbout the human rights issue, Etica Sgr has suggested to Piaggio Group to increase the reporting of human rights policies, both for the Italian and foreign markets. It was appreciated the disclosure of supply chain policy about social responsibility and the presence of an ethical code. The President, Colaninno, wanted to clarify that the Group’s presence in countries such as China, India and Vietnam consists in the Group’s desire to develop these markets bringing jobs and economic growth. It wants to bring there the Western best practices, with Italian culture with the aim of adapting them to local conditions, showing respect for the regulations, considered the fundamental human and labor rights.
\nAbout the environmental issue, Etica Sgr wanted to underline the importance of sustainable use of the resource “water” in the production processes and asked information about the Group’s use of energy from renewable sources.
\nEtica Sgr has underlined the importance of the law 120 of 07\/12\/2011 (Amendments to the\u00a0provisions\u00a0in\u00a0the Consolidated\u00a0Financial Intermediation,\u00a0referred to in\u00a0Legislative\u00a0Decree\u00a024 February 1998,\u00a0n.\u00a058th,\u00a0concerning equal\u00a0access to\u00a0the administrative\u00a0and control of\u00a0companies listed on\u00a0regulated markets)\u00a0relating to gender equality on the Board of listed companies that will come into force in next months, and expressed his displeasure about the absence of any woman in the list of candidates to the Board of Directors.
\nFinally,\u00a0as expressed\u00a0by other shareholders, Etica\u00a0Sgr\u00a0underlined that\u00a0good\u00a0corporate governance practices\u00a0provide for\u00a0the separation\u00a0of the role\u00a0of Chairman\u00a0from that\u00a0of CEO.\u00a0In this regard,\u00a0Dr.Colaninno,\u00a0expressed\u00a0the importance\u00a0of\u00a0being\u00a0a company leader,\u00a0never as in\u00a0this period,\u00a0a true\u00a0entrepreneur\u00a0should\u00a0try to\u00a0create jobs\u00a0and\u00a0provide a valuable\u00a0guide for\u00a0all corporate management\u00a0.\u00a0in fact, value, and\u00a0the passion\u00a0of the leader must\u00a0be considered ethical,\u00a0regardless\u00a0of whether you\u00a0can\u00a0be both\u00a0President\u00a0and\u00a0CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"
On\u00a0April 13, 2012\u00a0Etica\u00a0Sgr\u00a0has\u00a0participated for the\u00a0second time\u00a0to Piaggio shareholders meeting,\u00a0held\u00a0in Milan. It was\u00a0voted\u00a0in favor of\u00a0all\u00a0agenda items, although\u00a0Etica Sgr\u00a0wanted to emphasize\u00a0a lack of transparency\u00a0concerning\u00a0the mechanisms\u00a0underlying the\u00a0stock option plans\u00a0and the lack of\u00a0remuneration\u00a0linked\u00a0to\u00a0socio-environmental\u00a0objectives. Etica has also intervened\u00a0complimenting\u00a0the good level of\u00a0social and\u00a0environmental reporting\u00a0achieved by the company,\u00a0urging\u00a0the management to\u00a0go\u00a0in\u00a0a progressive manner\u00a0toward a\u00a0wider coverage\u00a0of the indicators\u00a0of the\u00a0GRI\u00a0(Global\u00a0Reporting\u00a0Initiative), for\u00a0the Italian plants\u00a0as well as […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[594],"tags":[598],"yst_prominent_words":[],"class_list":["post-13550","post","type-post","status-publish","format-standard","hentry","category-vote-in-assembly","tag-italian-companies","temi-engagement-en"],"_links":{"self":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/13550"}],"collection":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/comments?post=13550"}],"version-history":[{"count":1,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/13550\/revisions"}],"predecessor-version":[{"id":22113,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/13550\/revisions\/22113"}],"wp:attachment":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/media?parent=13550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/categories?post=13550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/tags?post=13550"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=13550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}