Shareholders brace themselves for ‘Dieselgate’ at Volkswagen (VW)
It all started with a group of five scientists at the University of West Virginia. During live road tests, these scientists discovered that emissions from certain VW diesel engines exceeded limits set by the US Environmental Protection Agency (EPA). A larger probe by the EPA and the California Air Resources Board (CARB) corroborated these findings and found that VW had intentionally programmed its diesel engines to reduce nitrogen oxide levels during emissions testing in order to meet US standards. The ensuing scandal, made worse by the fact that the company shirked its responsibility to shareholders and intentionally hid these findings from the public for almost a year, culminated with the collapse in the share price and the resignation of Martin Winterkorn, its CEO and Ferdinand K. Piëch, its Chairman. […]
WPP : Sir Martin Sorrel draws shareholder ire
Shareholder revolts taking the 2016 AGM season by storm in the UK do not seem to be losing any steam. [...]
Bourbon answered to only one of the five questions of Proxinvest
Last Minute : the company postpones the purchase of the Jaccar assets. The bankers of Bourbon apparently refused to lend [...]
Bourbon refusal to remit the information on Greenship is an interesting related party transaction case
Bourbon is not providing the information on the assets presented by its controlling shareholder Jaccar Holding. Proxinvest accordingly wrote to the AMF and to the company to question the legality of such refusal to provide the 2014 and 2015 book value [...]
Vallourec held its general meeting. Proxinvest was there.
If you read French you will have hereby a full report about the AGM of Vallourec held in Paris on April 6th. 2016. Proxinvest was there.
You might need glasses to read what you read about Luxottica !
The succesful billionnaire founder of Luxottica, 80 years old Leonardo Del Vecchio has been credited for turning [...]
