Specialized Committees
The Board of Directors has set up three permanent specialized Committees: an Audit and Accounts Committee, a Nominating, Compensation and Corporate Governance Committee and a Innovation and Sustainable Growth committee.
The Audit and Accounts Committee
The Audit and Accounts Committee consists of Marie-Ange Debon (Chairman), Isabelle Boccon-Gibod (permanent representative of the Fonds Stratégique de Participations), Séverin Cabannes, Ilse Henne and Ian Hudson.
All members of the Audit and Accounts Committee are considered as independent under the criteria set by the AFEP-MEDEF Code.
It carries out the following duties:
- review consolidated accounts and financial statements prior to their consideration by the Board,
assess internal control procedures,
review internal and external audit work,
monitor the process of preparing non-financial information,
assess the suitability and consistency of accounting principles and policies,
submit recommendations on the appointment of the statutory auditors.
The Audit and Accounts Committee met six times in 2022.
The attendance rate for Committee members at these meetings was 96%.
The Committee reports to the Board of Directors on its work and assesses annually the way it operates.
The Nominating, Compensation and Corporate Governance Committee
The Nominating, Compensation and Corporate Governance Committee consists of Thierry Pilenko (Chairman), Hélène Moreau-Leroy, Nathalie Murraciole and Philippe Sauquet. The independence rate of the Committee is 100% following the criteria set by the AFEP-MEDEF Code.
The Committee’s main roles are the following:
- submit to the Board of Directors recommendations on the composition of the Board and its committees,
- review the succession plan for the corporate officers and directors and Executive Committee members,
- submit proposals in the areas of compensation, pension schemes and contingency funds, and allocation of performance shares,
- review the compensation of Executive Committee members and corporate officers,
- review the procedures for allocating attendance fees between Board members,
- submit recommendations on corporate governance.
The Nominating, Compensation and Corporate Governance Committee met three times in 2022.
The attendance rate at these meetings was 100%.
It reports to the Board of Directors on its work and submits an annual assessment of its functioning.
The Innovation and Sustainable Growth Committee
The Innovation and Sustainable Growth Committee consists of Ian Hudson (Chairman), Isabelle Boccon-Gibod (permanent representative of the Fonds Stratégique de Participations), Florence Lambert, Sébastien Moynot (permanent representative of Bpifrance Investissement) and Susan Rimmer.
The Committee is tasked with assessing the contribution of Arkema's innovation and strategy to environmental challenges and sustainable growth. Together with the Audit and Accounts Committee and the Nominating, Compensation and Corporate Governance Committee, this new Committee will help perform a comprehensive review of the Group’s ESG and non-financial challenges.
The Innovation and Sustainable Growth Committee met three times in 2022, with an attendance rate of 100%.
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