Foreign companies

On September 26, 2011 Etica Sgr voted to the shareholders meeting of General Mills, with a positive vote about the election of directors, given the right mix of skills, certain number of women and of independent advisors. Instead, Etica Sgr voted against the stock options plan, since it considers the mechanisms not detailed enough and […]

On July 15, 2011 Etica Sgr voted at each item on the agenda in shareholders’ meeting with a positive vote about directors election because of the presence of independent directors and a mix of background skills. It abstained about the appointment of the Independent Auditor, since Dell wants to reconfirm for 2012 financial year PricewaterhouseCoopers, […]

On September 27, 2010 Etica SGR voted at each item on the agenda in shareholders’ meeting with a positive vote, except from bonus plan for company’s management and remuneration of managers for FY 2008/2009.

Etica SGR voted in the shareholder’s meeting held on July 16, 2010. We voted for every items on the agenda except from the renewal of the audit company mandate. Etica SGR supported the motion, carried by AFSCME Pension Plan, to introduce a refund for the shareholders presenting their candidates for the board of the director. […]

On May 18, 2010 we voted in the German automotive company’s general meeting. Etica SGR abstained from the approval of the management board’s remuneration plan and asked BMW to include social and environmental goals in the calculation of the variable remuneration for the top management.

On May 22, 2010 for the first time, Etica SGR joined the multinational gas company’s general meeting. Despite the efforts to connect management’s remuneration also with workplace safety and health, we abstained from the approval of the  management’s remuneration plan. Etica SGR voted against the financing of political parties.

K+S – On May 11, 2010 Etica SGR voted in the company’s general meeting. K+S is a German  company engaged in the production of fertilizer and industrial salt. Etica SGR abstained from the approval of the management board’s remuneration plan and voted against the election of a director due to a conflict of interest.

For the second year Etica SGR voted in the British farmaceutical company’s general meeting held on April 29, 2010. Etica SGR voted, together with 4,1% of the shareholders, against the approval of the management remuneration relation because of an increasing gap between top management’s remuneration and employees’ average. We also voted against the financing of […]

On April 19, 2010 Etica SGR voted in the company’s general meeting. We voted in favor of three items on the agenda, brought up by ICCR’s investors, focused on the remuneration issue.Il 19 aprile 2010 Etica Sgr ha votato all’assemblea della società farmaceutica americana Eli Lilly.