Our guiding principles
PhiTrust follows the principles of good corporate governance defined by all the major international investors as well as the International Corporate Governance Network (ICGN) and the French Asset Management Association (Association Française de Gestion – AFG) both of which PhiTrust is a member.
I - SHAREHOLDER RIGHTS AT AGM
“one share, one vote”
II - A BOARD OF ADMINISTRATION OR A SUPERVISORY BOARD
Separation of functions, independent boards and respect for minority shareholder rights
III - COMPENSATION, TYING MANAGEMENT AND EMPLOYEE SALARIES TO CAPITAL HOLDINGS
Transparency and fairness of management and employee compensation
IV - PROFIT DISTRIBUTION AND UTILISATION OF EQUITY CAPITAL
Sound management of equity capital
V - APPROVAL OF ACCOUNTS AND MANAGEMENT
Integrity of accounts and information
VI - CAPITAL EVOLUTION
Capital increase offered to shareholders are fair and balanced
