Company information
Board Committees The Board of Directors is advised by three committees: 1. Audit Committee The Audit Committee’s primary mission is to provide assurance over the financial reporting processes and the annual consolidated accounts, to supervise the internal control and risk management mechanisms, and to examine internal audit activities. The Audit Committee is also responsible for the nomination, the independence and the remuneration of the Company’s auditor. The Audit Committee is composed of a minimum of three non-executive company Directors, and is chaired by an independent Director. Audit Committee members are elected by the Board for a mandate duration of three years and meet at least three times per year. 2. Remuneration and Nominations Committee The role of the Remuneration and Nominations Committee is primarily to supervise the remuneration of the CEO and the Schréder Executive Team, their nomination and evaluation process, career development and succession planning. A regular evaluation of the Board members compensation is also performed, to ensure consistency and alignment with comparable companies.
The Remuneration and Nominations Committee also looks after general human resources management within the Company and related indicators, such as positions classification, employee engagement and well-being. The Remuneration and Nominations Committee is composed of a minimum of three non- executive Board members, among whom at least one independent member. Members of the Remuneration and Nominations Committee are elected by the Board for a mandate duration of three years and meet at least three times per year. 3. Strategic Support Committee Whilst the strategy remains a prerogative of the Board of Directors, a Strategic Support Committee was set-up to assist the Board and the CEO in this important task, overseeing the Company’s strategy and its execution by the management team. The Strategic Support Committee can also authorise the management team to take specific and urgent actions in the frame of the approved strategy, when those actions cannot wait until the next Board meeting. Members of the Strategic Support Committee are elected by the Board for a mandate duration of three years and meet at least five times per year. Each of the three Board Committees fulfils its role based on strict regulations, and proceeds with an evaluation of its performance, at least once every two years, to provide assurance
on the transparency and efficiency of its internal processes. Day-to-day management The day-to-day management is delegated by the Board to the CEO. The CEO manages a Schréder Executive Team (SET) composed of twelve members in addition to the CEO.
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