Econocom - 2020 annual report

05 management report

corporate governance statement

FUNCTIONING OF THE BOARD OF DIRECTORS 5.5.2. The Board of Directors meets as often as it deems necessary. It met nine times in 2020. It also made an unanimous written decision. The table below sets out the attendance of each Director at meetings of the Board and the various Committees in 2020:

Compensation and Appointments Committee

Board of Directors Audit Committee

5 9 9 8 9 9 6 7 9

- - - -

- 1 - - - - - 1 1

Econocom International BV

Robert Bouchard

Bruno Grossi

Véronique di Benedetto

8 7 6

Gaspard Dürrleman

Jean-Philippe Roesch

Walter Butler

-

Adeline Challon-Kemoun

8

Marie-Christine Levet

1

1 -

Rafi Kouyoumdjian

4 9

Jean-Louis Bouchard

Total number of meetings

8

1

The Board of Directors is responsible for approving the Company’s overall strategy proposed by the Chairman, authorising significant projects and ensuring that there are adequate resources to attain its objectives. It is entrusted with decision-making outside the scope of day-to-day management. The Board of Directors entrusts the Company’s operational management to the Executive Committee, within the limits of the powers stipulated in the Internal Rules

of the Executive Committee. It also entrusts the day-to-day management to the Chief Executive Officers or, if applicable, the managing Directors. The Board appoints the members of the Executive Committee, the Audit Committee and the Compensation and Appointments Committee as well as the Chief Executive Officer(s), and generally ensures that a clear and effective management structure is implemented.

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2020 annual report