Corporate Governance and Transparency at Kering
Commitment to Strong Governance
Kering upholds strong corporate governance principles, which are central to its operations. The company's dedication to transparency in reporting and continuous stakeholder engagement helps maintain its reputable standing in the financial community. This approach fosters trust and ensures that shareholders are well-informed about their investment in Kering.
Significance of Shareholder Information
Providing regular updates on the number of shares and voting rights is crucial for shareholders. These updates allow them to understand their influence within the company, making it easier to align their investment strategies with their standing in Kering. The company's commitment to timely and accurate communication plays a key role in supporting informed decision-making by investors.
Total Shares and Voting Rights Overview
Monthly Statement Summary
Kering issues a monthly statement to detail the total number of shares and voting rights. This practice is in compliance with articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers).
As of August 15, 2024, the following data was reported:
- Total number of shares: 123,420,778
- Theoretical voting rights: 176,710,268
- Exercisable voting rights: 175,872,997
Understanding Voting Rights
Voting rights are calculated based on all shares that hold voting rights, including treasury shares, which are typically excluded from voting under Article 223-11 of the AMF General Regulation. The distinction between theoretical and exercisable voting rights is important for understanding the actual influence shareholders have in company decisions.
Continued Engagement and Communication
Future Outlook for Kering
As Kering continues to navigate the luxury market, the company remains focused on enhancing shareholder value. This is achieved through strategic initiatives and a commitment to operational excellence, even amidst challenging economic conditions. Kering's transparent communication ensures that shareholders remain engaged and informed about the company's direction.
Encouraging Shareholder Feedback
Kering actively encourages feedback from its shareholders. This engagement is vital for fostering an environment where shareholders feel their voices are heard and their concerns are addressed. Regular updates, like the monthly statement, facilitate informed discussions about Kering's future corporate developments.
Frequently Asked Questions
What is the significance of Kering's monthly statement?
The monthly statement provides essential information on the total number of shares and voting rights, helping shareholders understand their influence within the company.
How are voting rights calculated?
Voting rights are calculated based on all shares with voting rights, including treasury shares that are stripped of voting rights under specific regulations. This provides a clear view of shareholder influence.
What was the total number of shares as of August 2024?
As of August 15, 2024, the total number of shares was reported to be 123,420,778.
How many exercisable voting rights does Kering have?
The latest update indicated that Kering had 175,872,997 exercisable voting rights.
Can shareholders provide feedback on company reports?
Yes, Kering welcomes feedback from shareholders regarding financial reports and other communications to ensure transparency and promote active engagement.
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