FOR |
1. Approval of the annual accounts for the year ended December 31st. |
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The AASR has not detected any risk in the Auditors' report. |
FOR |
2. Approval of the consolidated accounts for the year ended December 31st. |
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The AASR has not detected any risk in the Auditors' report. |
FOR |
3. Allocation of the result for the year ended December 31st and setting of the dividend. |
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The AASR approves the distribution of the dividend representing 21.5% of the Company's net result, as a similar proportion of the net result is distributed to employees in the form of participation, profit-sharing, as well as matching and discount within the framework of the employee shareholding plan. |
FOR |
4. Auditors' report on the elements used to determine the remuneration of participating securities. |
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The AASR has not detected any risk in the Auditors' report, but would like the Company to be able to free itself from this heavy burden, prior to the privatization of the Company, by gradually reducing the number of participating securities through appropriate operations. |
FOR |
5. Approval of regulated agreements and commitments referred to in Articles L.225-38 and following of the Commercial Code. |
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The AASR has not detected any risk in the Auditors' report. |
FOR |
6. Approval of the regulated agreement entitled "Notice of sale of Nissan shares" concluded between the Company and Nissan Motor Co., Ltd on March 27, 2024. |
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The AASR approves the gradual release of mutual constraints affecting both Companies. |
FOR |
7. Approval of the regulated agreement entitled "Notice of sale of Nissan shares" concluded between the Company and Nissan Motor Co., Ltd on September 26, 2024. |
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The AASR approves the gradual release of mutual constraints affecting both Companies. |
FOR |
8. Renewal of the mandate of Mrs. Miriem Bensalah-Chaqroun as independent director. |
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No opposition element. |
FOR |
9. Renewal of the mandate of Mr. Bernard Delpit as independent director. |
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No opposition element. |
FOR |
10. Renewal of the mandate of Mr. Noël Desgrippes as director representing employee shareholders. |
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It is essential for the AASR that employee shareholders have a representative on the Board of Directors, even if he is not in line with the Association. |
FOR |
11. Appointment of Mrs. Anne-Laure de Chammard as independent director. |
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No opposition element. |
FOR |
12. Appointment of Mrs. Armelle de Madre as independent director. |
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No opposition element. |
FOR |
13. Appointment of Mrs. Constance Maréchal-Dereu as director nominated on the proposal of the French State. |
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The AASR appreciates the respect for parity for its directors by the French State. |
FOR |
14. Appointment of Mrs. Michelle Baron as director nominated on the proposal of Nissan. |
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No opposition element. |
FOR |
15. Appointment of Mr. Pierre Loing as director nominated on the proposal of Nissan. |
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No opposition element. |
FOR |
16. Approval of the information relating to the remuneration of corporate officers paid or awarded for the year 2024 mentioned in Article L.22-10-9 I of the Commercial Code. |
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No opposition element. |
FOR |
17. Approval of the fixed and variable elements composing the total remuneration and benefits of any kind paid or awarded for the year ended December 31, 2024 to Mr. Jean-Dominique Senard, Chairman of the Board of Directors. |
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The AASR highlights and appreciates Mr. Senard's strict compliance with the State's recommendations regarding the remuneration of executives of companies in which the State holds a stake. |
POUR |
18. Approval of the fixed and variable elements composing the total remuneration and benefits of any kind paid or awarded for the year ended December 31, 2024 to Mr. Luca de Meo, Chief Executive Officer. |
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The AASR agrees with the assessment of the achievement of the objectives voted at the 2024 General Assembly by Mr. Luca de Meo. |
FOR |
19. Approval of the remuneration policy for the Chairman of the Board of Directors for the year 2025. |
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Same remark as for resolution No. 17. |
FOR |
20. Approval of the remuneration policy for the Chief Executive Officer for the year 2025. |
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After a significant evolution in 2024, aimed at repositioning the CEO's remuneration at the level of the competition, the AASR approves the absence of further evolution for 2025. |
AGAINST |
21. Approval of the remuneration policy for directors for the year 2025. |
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The directors benefited in 2024 from a 12% increase in remuneration, which remains significantly higher than the evolution of employee remuneration since that date. The AASR would like the evolution of directors' remuneration and that of employees to be aligned. |
FOR |
22. Authorization granted to the Board of Directors to operate on the Company's shares. |
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This resolution allows the continuation of employee shareholding operations, supported by the AASR, but the AASR regrets that the different cases of use of this authorization are combined into a single resolution. Their separation into several resolutions would allow for a more precise vote on each of them. |
AGAINST |
23. Authorization given to the Board of Directors to reduce the Company's capital by canceling shares held in treasury. |
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The AASR is opposed to this type of purely financial operation and would prefer that other modes of disposal be considered: a distribution of these shares within the framework of an employee shareholding plan, for example, rather than their cancellation. |
FOR |
24. Powers to carry out formalities. |
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No opposition element. |