Heated Debates Between Shareholders and Boards
Executive pay, such as the one at Stellantis, have sparked significant opposition. 28 May 2025
SquareWell was recently cited in Les Echos in an article by Laurence Boisseau titled “Débats tendus entre actionnaires et conseils d’administration aux AG 2025.” The article examines the increasingly complex dynamics of the 2025 AGM season for CAC 40 companies in France, particularly around executive pay.
With a few companies still to hold their AGMs by mid-June, shareholder opposition has been especially pronounced at Stellantis and TotalEnergies, where executive pay proposals have drawn strong dissent. At Danone, CEO Antoine Bernard de Saint-Affrique, like many of his peers, sought to reassure shareholders amidst growing scrutiny.
The article highlights how constructive dialogue between companies and investors is becoming increasingly important in navigating evolving expectations around governance. Marine Esperandieu, Director at SquareWell, is quoted in the article.
The full article can be accessed here, in French (subscription required).
