Vote transparency - send in the marines

Specifically, one marine, Guy Wyser-Pratte to be exact.

As we reported back in March, Guy was determined to leave no stone unturned to find out why the votes on his proposals to shake up the governance at French media conglomerate Lagardère didn’t tally. While Guy admits there were some issues …… continue reading >>

Lagardère vote flawed – new evidence claims Wyser-Pratte

US activist investor Guy Wyser-Pratte is turning the heat up under Lagardère and claims to have new evidence proving that last summer’s board seat bid was hit by flawed voting procedures.

At stake is Wyser-Pratte’s attempt to shake up management and strategy at the publishing group whose share ownership structure gives CEO …… continue reading >>

French companies improve corporate governance disclosures

The findings of the 2010 AMF report on the corporate governance of listed companies, based on a sample of 60 companies (34 in the CAC 40 and 26 in the SBF 120), show improvements both in practices and in transparency with regard to corporate governance and executive compensation. However the AMF …… continue reading >>

Wyser-Pratte challenges outcome of Lagardère AGM

The activist shareholder Guy Wyser-Pratte has challenged the outcome of the AGM of Lagardère, held on 27 April, and requested the French market regulator, the AMF, to verify the procedures for the transmission of the votes submitted to the meeting.

In a letter dated 8 June 2010, Wyser-Pratte states that he has …… continue reading >>

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