On the recommendation of the Nominating Committee, the Board of Directors, meeting following the General Shareholders’ Meeting of May 29, 2024, approved the composition of the four new Board committees.
The composition of these Committees, detailed in the changes below, ensures a diversified and balanced representation in terms of diversity, independence, skills, experience and nationalities.
| Departure | Appointment | Renewal | |
|---|---|---|---|
|
Audit and Financial Risks Committee |
Audit and Financial Risks Committee Departure _ |
Audit and Financial Risks Committee Appointment _ |
Audit and Financial Risks Committee Renewal _ |
|
Nominating Committee |
Nominating Committee Departure Maurice Lévy(1) (May 29, 2024) |
Nominating Committee Appointment _ |
Nominating Committee Renewal _ |
|
Compensation Committee(2) |
Compensation Committee(2) Departure Maurice Lévy(1) (May 29, 2024) |
Compensation Committee(2) Appointment _ |
Compensation Committee(2) Renewal _ |
| ESG Committee | ESG Committee Departure This Committee no longer exists since May 29, 2024 |
||
|
Strategy and Risk Committee |
Strategy and Risk Committee Departure This Committee no longer exists since May 29, 2024 |
||
|
Strategic, Environmental and Social Committee (created on May 29, 2024) |
Strategic, Environmental and Social Committee (created on May 29, 2024) Departure
|
Strategic, Environmental and Social Committee (created on May 29, 2024) Appointment Marie-Josée Kravis Antonella Mei-Pochtler Thomas H. Glocer Tidjane Thiam Sophie Dulac Simon Badinter Pierre Pénicaud (May 29, 2024) |
Strategic, Environmental and Social Committee (created on May 29, 2024) Renewal
|
In view of the increase in the missions of the Audit Committee, in particular in view of the new missions introduced by the CSRD Directive, the Audit Committee was renamed the Audit and Financial Risks Committee as of May 29, 2024(1).
Pursuant to article 17.1 of the Afep-Medef Code, the Audit and Financial Risks Committee does not include any executive corporate officers. It is composed entirely of independent Directors.
They all have financial/audit expertise. 80% of the members of the Committee also have expertise in CSR topics relevant to the Company (for more information on the skills of the members, see Section 3.1.2.5).
| Name | Attendance rate |
|---|---|
| Jean Charest, Chair | Jean Charest, Chair Attendance rate 100% |
| Thomas H. Glocer | Thomas H. Glocer Attendance rate 83% |
| André Kudelski | André Kudelski Attendance rate 100% |
| Suzan LeVine | Suzan LeVine Attendance rate 100% |
| Tidjane Thiam | Tidjane Thiam Attendance rate 83% |
There were no changes in the membership of the Audit and Financial Risks Committee in 2024.
(1) ESRS 2 GOV-1-22 (a)
