Company information
Company information 1. Corporate governance
Board of Directors In exercising its legal responsibilities and duties, the Board of Directors oversees the development of the corporate strategy with a long-term vision which includes caring about global efficiency and sustainability.
Schréder is a Belgian Group, headquartered in Brussels under its unlisted parent company, Schréder SA. The Group’s governance structure aims to ensure an appropriate management and control framework as well as efficient, ethical and sustainable business operations. Transparency and ethics are essential values of our governance, and key elements to build up and maintain trust relationships with all our stakeholders. The company chose to follow the monistic governance structure provided for in the Company’s Articles of Association. Schréder’s governance structure is composed of a General Assembly, a Board of Directors, a Managing Director (a CEO who has been delegated the day- to-day management by the Board), and several control mechanisms as detailed below.
engagement of each of the Board members and their ability to speak openly. Board members are elected by the General Meeting of shareholders, for a mandate duration of three years. They include a minimum of three independent members who have no connection with the management nor with the shareholders. Particular attention is paid to gender and cultural diversity among Board members, to increase complementarity and enrich the exchanges. Board members meet at least four times a year, and evaluations of the Board efficiency are conducted annually.
Board members engage to:
Work together to share an aligned vision between the shareholders and the management;
Prepare and debate without compromising honesty: welcome exchanges and be careful of reinforcing business values; Be available and committed to comprehend, embrace and assess projects, challenges, and solutions in collaboration with the management and the Board Committees. Board members are selected, among other criteria, for their qualifications and executive experience, their complementarity in the contribution to the common interest, their independence of mind, their ethics and their compatibility with the values of the Company. The Board is also regardful of the availability and
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