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Eumedion today alerted its members to two proposals put on the agenda by Universal Music Group for its shareholders' meeting to be held on May 16. The proposals relate to the remuneration report and a proposal to amend the non-executive directors' remuneration policy. Eumedion members' attention is drawn in particular to an excessive bonus scheme for the CEO. With regard to the proposal to amend the non-executive directors' remuneration policy, the Eumedion members' attention is drawn to the proposed high fee increases and the grant of restricted stock units to the non-executive directors. Eumedion has classified these proposals as 'controversial'. 

Since 2009, Eumedion has been alerting its members to AGM proposals of Dutch listed companies that deserve increased attention when determining voting behaviour. An alert partly enables an institutional investor to exercise its voting right at the AGM on an informed basis, as prescribed by the Dutch Corporate Governance Code. An alert is explicitly not a voting recommendation. Alerts are also sent to the major proxy advisory firms so that they have a clearer picture of Dutch market practices and may improve the proxy voting advice they give to their clients. Before issuing an alert, the company in question is requested to comment on the issues and concerns at stake. The comments will be incorporated in the final version of the alert, thereby further increasing the information value of the document. As announced in the 2024 Focus Letter, alerts will be made public starting this AGM season.