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Some companies are both Vigeo shareholders and clients. A potential conflict of interest? |
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The decision has been made to permit companies to act as shareholders, and we take responsibility for that decision.
This decision was motivated by our desire for a pluralistic body of shareholders - companies, trade unions, NGOs, traders, etc. - thus reflecting the pluralist expectations and interests of the agency.
By associating themselves with Vigeo, these shareholders support the creation of a European extra-financial analysis agency which aims at the promotion of market standards through a production which combines professionalism, quality and R & D.
The theoretical potential conflict of interests is not ignored.
- In order to avoid conflict, Vigeo limits corporate participation to 2%. At present, the participation of each company is of 0.82%.
- The Executive Board is composed of three Boards, with three members each, regardless of the level of capital contribution, and six independent Directors.
- Finally, the Vigeo Group has established a Scientific Board, composed of independent university academics and experts, contributing to the independence, professionalism and ethics of the company. The Scientific Board advises and guides the agency as regards its methodological approaches and ensures the respect of these measures in products created for clients.
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