{"id":34076,"date":"2021-04-28T14:56:20","date_gmt":"2021-04-28T12:56:20","guid":{"rendered":"https:\/\/www.eticasgr.com\/storie\/news-events\/hera-spa-2021"},"modified":"2021-05-06T16:32:20","modified_gmt":"2021-05-06T14:32:20","slug":"hera-spa-2021","status":"publish","type":"post","link":"https:\/\/www.eticasgr.com\/en\/storie\/vote-in-assembly\/hera-spa-2021","title":{"rendered":"HERA SpA | 2021"},"content":{"rendered":"

Etica Sgr\u2019s voting<\/strong><\/h2>\n

On the following points Etica Sgr has expressed a vote not in line with management\u2019s recommendations:<\/p>\n

3. Report on the remuneration policy and compensation paid: resolutions relating to the first section\u2013 Remuneration policy.<\/h3>\n

Etica Sgr voted against, because not all the requirements in the Engagement Policy have been met.
\nIn particular, it should be noted that there continues to be an element of discretion in granting extraordinary one-off bonuses in relation to transactions of a strategic, exceptional nature, with significant effects on the Company\u2019s results. These bonuses may exceed the relevant threshold established in the Etica SGR Engagement Policy.<\/p>\n

4. Report on the remuneration policy and compensation paid: resolutions relating to the second section \u2013 Compensation paid.<\/h3>\n

Etica SGR voted against, because not all the criteria set out in the Engagement Policy have been met.
\nIn line with what is noted in the foregoing point, it was found that discretion had been exercised in paying a bonus to the CEO the amount of which exceeded the relevant threshold set in the Etica SGR Engagement Policy.<\/p>\n

Other items on the Agenda<\/h3>\n

On the remaining items on the agenda, Etica SGR voted in favour, since they are consistent with the Etica SGR Engagement Policy<\/a>.<\/p>\n

Agenda<\/strong><\/h2>\n

Extraordinary business<\/h3>\n
    \n
  1. Amend Company Bylaws Re: Article 3
    \nFOR<\/u> n.a<\/strong>.<\/li>\n
  2. Amend Company Bylaws Re: Article 20
    \nFOR<\/strong><\/u> n.a<\/strong><\/li>\n<\/ol>\n

    Ordinary business<\/h3>\n
      \n
    1. Accept Financial Statements and Statutory Reports
      \nFOR<\/u>\u00a0      1.4<\/a><\/strong><\/li>\n
    2. Approve Allocation of Income
      \nFOR<\/u>\u00a0      1.4<\/a><\/strong><\/li>\n
    3. Approve Remuneration Policy
      \nAGAINST<\/u>       1.3<\/a><\/strong><\/li>\n
    4. Approve Second Section of the Remuneration Report
      \nAGAINST<\/u>       1.3<\/a><\/strong><\/li>\n
    5. Authorize Share Repurchase Program and Reissuance of Repurchased Shares
      \nFOR<\/u>\u00a0      1.2<\/a><\/strong><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      Etica Sgr\u2019s voting On the following points Etica Sgr has expressed a vote not in line with management\u2019s recommendations: 3. Report on the remuneration policy and compensation paid: resolutions relating to the first section\u2013 Remuneration policy. Etica Sgr voted against, because not all the requirements in the Engagement Policy have been met. In particular, it […]<\/p>\n","protected":false},"author":10,"featured_media":25437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[594],"tags":[598,24641,24640],"yst_prominent_words":[24596,24797,24787,24788,24601,5205,24796,24593,24407,24789,24786,24405,24406,24594,24600,24795,24794,24408,24404,24595],"class_list":["post-34076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vote-in-assembly","tag-italian-companies","tag-shareholder-activism","tag-sicav","temi-engagement-en"],"_links":{"self":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/34076"}],"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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/comments?post=34076"}],"version-history":[{"count":7,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/34076\/revisions"}],"predecessor-version":[{"id":34130,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/34076\/revisions\/34130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/media\/25437"}],"wp:attachment":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/media?parent=34076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/categories?post=34076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/tags?post=34076"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=34076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}