![]() Despite this, he alleges that “the company does not have a history of having established unquestionable objectives”, dispelling any doubt in this regard.Īlong the same lines, Glass Lewis also advises voting in favor, but questions the “discretionary” use of metrics that justify executive compensation. ISS highlights the fact that the new board is equal in terms of gender, and only questions the fact that Inditex has not revealed characteristics of the performance objectives for the years 2023-2025. The ‘yes’ to Inditex from ISS and Glass Lewisįor its part, the ‘proxy’ Institutional Shareholder Services (ISS) recommends supporting all items on the agenda on July 11. On the contrary, they do not advise opposing the remuneration policy proposed for 2024-2026, given that “the remuneration aspects and concepts of the directors are in line with the size, international presence and business of the group,” says Corporance. For these reasons, they recommend that shareholders vote against item 9 on the agenda. Likewise, it also questions the compensation granted to the former CEO Pablo Isla, who received 23 million euros after leaving his position on March 31, 2022, and which he considers “very high”. Only Corporance, the Spanish proxy, offers a salvation by advising to reject the 2022 remuneration report in the short term than in the long term” and where the annual bonus was “much greater than the long-term incentive received”. ![]() ![]() The two internationals, ISS and Glass Lewis recommend that shareholders vote in favor of all items on the agenda. The headquarters of the textile multinational, located in Arteixo (A Coruña) will host this annual meeting on Tuesday, July 11, where eleven points related to the approval of accounts, the management of directors, their remuneration or the re-election of the founder of the group, Amancio Ortega, in a meeting that his daughter will chair for the second time.įaced with a financial result like that, practically indisputable, the recommendations of the voting advisors of institutional investors are positive. Countdown to the General Meeting of Inditex in which its shareholders will have to assess the first year of Marta Ortega at the head of the company, settled with a historical record of billing and profit: 32,000 million in sales and 4,130 million in profit. ![]()
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