SOMFY - Annual Financial Report 2020
04 REPORT ON CORPORATE GOVERNANCE
COMPOSITION OF THE SUPERVISORY BOARD
At the date of preparation of this document, the Somfy SA Supervisory Board consisted of nine members, including a member representing employees:
Name
Position Age Nationality Date appointed Date term ends
Audit Committee
Remuneration Committee
Member of the Supervisory Board: 15 May 2012 Chairman of the Supervisory Board: 16 May 2013
Chairman Independent member
Michel Rollier
76
French
2022 AGM
–
Chairman
Victor Despature
Vice-Chairman 71
French
15 May 2007
2021 AGM Chairman
Member
Independent member
Paule Cellard
65
French
16 May 2013
2021 AGM Member
–
Anthony Stahl
Member
47
French
28 June 2002
2023 AGM
–
–
Marie Bavarel-Despature
Member
40 French-Swiss
17 May 2017
2024 AGM
–
–
Independent member Independent member Independent member Member representing employees
Sophie Desormière
54
French
17 May 2017
2021 AGM
–
–
Florence Noblot
57
French
17 May 2017
2021 AGM
–
–
Bertrand Parmentier
65
French
24 June 2020
2024 AGM Member
_
Arthur Watin-Augouard
40
French 17 September 2020 16 September 2024
–
–
Equal representation of men and women on the Board
Relevant expertise and experience are detailed in the section “Expertise and experience of the members of the Supervisory Board”. During the financial year, the composition of the Board changed as follows: Bertrand Parmentier was appointed as a member of the Supervisory Board for a term of four years by the Annual General Meeting of 24 June 2020, to expire at the end of the General Meeting to be held in 2024 to approve the financial statements for the year then ended, and Arthur Watin-Augouard was appointed on 17 September 2020 by the Group Committee as a member of the Supervisory Board representing employees for a term of four years, to expire on 16 September 2024, as noted by the Supervisory Board meeting of 19 November 2020. It is also specified that the term of office of Victor Despature as a member of the Supervisory Board was renewed for a term of one year by the Annual General Meeting of 24 June 2020, to expire at the end of the General Meeting to be held in 2021 to approve the financial statements for the financial year then ended, and that the term of office of Marie Bavarel-Despature as a member of the Supervisory Board was renewed for a term of four years by the Annual General Meeting of 24 June 2020, to expire at the end of the General Meeting to be held in 2024 to approve the financial statements for the financial year then ended.
To date, excluding the member representing employees on the Board (who must not be taken into account when assessing gender parity – Commercial Code, Article L. 225-79-2 II paragraph 2 and L. 225-79 paragraph 3), the Board comprises eight members, including four women, meaning there is no gender imbalance within the Board. As such, the company complies with the legal provisions regarding gender equality namely, given the size of the Board, a maximum difference of two between the number of members of each gender. Self-assessment of the Supervisory Board During the financial year 2020, an update on the assessment of the operation and the work of the Board and its Audit and Remuneration Committees was carried out at the Supervisory Board meeting of 9 September 2020. It highlighted overall satisfaction and some areas for improvement, which were also discussed on 9 July 2020 between the Chairman and members of the Supervisory Board with no members of the Management Board present. It was agreed to take these findings into account in the future.
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SOMFY – ANNUAL FINANCIAL REPORT 2020
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