france Archives

Soc Gen rebuffs Chair/CEO split call, but was it legal?

French SICAV Proxy Active Investors is crying foul over the high handed dismissal of its proposal to separate the chair and CEO roles at Société Générale. On April 7th 2010, PhiTrust, the managers of Proxy Active, and a group of international institutional shareholders filed a resolution requesting a statue change to split the roles. Although […]

Proof of ownership problems hit activism

Not for the first time, proof of share ownership is being used to stymie shareholder engagement and activism. This time it’s France where Franco-American Financier and Activist Guy Wyser-Pratte is attempting to bring about changes at Lagardère SCA. With echoes of Apache v Chevedden, following a series of wrangles about two shareholder proposals, the protaganists met […]