Eumedion 2020 focus points: executive remuneration and climate change impact
Executive remuneration and the impact of climate change are the two Eumedion focus points for the 2020 AGM season. These topics tend to be discussed in the dialogues Eumedion facilitates in the run-up to the 2020 general meetings, and occasionally als at the general meeting itself. Earlier this week, the so-called Eumedion Focus Letter 2020 was sent to all Dutch listed companies.
At the 2020 AGMs, almost all Dutch listed companies must submit a new remuneration policy to their shareholders. Eumedion recommends that companies seek dialogue with relevant stakeholders (including shareholders) on their proposals as early as possible. The remuneration report must also be submitted to the AGM for an advisory vote from next year onwards. Eumedion calls on companies to prepare this report as much as possible on the basis of the draft guidelines from the European Commission published earlier this year. Eumedion also expects the listed companies to report clearly in their 2019 annual report on the impact of climate change on their business model and strategy and on the impact of the own company on climate. The Eumedion participants also expect companies to set specific targets with respect CO2 emission reductions, in line with the Paris Climate Agreement.