The Board of Directors plays a prominent role in the Group’s governance. The Board oversees, in strict compliance with standards of ethics and transparency, the interest of the Company and its shareholders, with due regards to our stakeholders. Bringing together individuals with complementary backgrounds and skills, the Board determines the Group’s strategic orientations with as main objective the increase of the Company’s value. Since 2009, the Group complies with the recommendations of the AFEP-MEDEF Corporate Governance Code.
Organisation and method of operation
Its 15 Directors, including 2 Directors representing the employees and 7 independent Directors meet in average 8 times a year, in sessions directed by the Chairman of the Board, also Chief Executive Officer. The Board, through its Chairman, reports these developments to the Shareholders’ Meeting. Responsible for the proper management of the Company’s bodies, the Chairman must, in this respect, ensure that the Directors are in a position to fulfil their mission. To galvanize this college and to anchor it furthermore into the operational reality of our business, the Group has granted access to its internal social network and holds one Board meeting per year in an operating subsidiary.