The Strategy Committee is currently composed of 10 members, including the Chairman and the Managing Director. Our articles of association provide that the Strategy Committee may consist of up to 12 members who may or may not be shareholders and who are appointed by the General Meeting of Shareholders. Members of our Strategy Committee (other than the Chairman) are appointed for terms of three years by the ordinary general meeting of shareholders.
The Strategy Committee meets at least four times a year and is convened by the Chairman or the Managing Director. Its role is to assist and advise the Chairman on questions relating to our development strategy, finance, external growth transactions and the CSR policy. It hears the rapporteurs of specialist committees and may rule on any other question submitted to it by the Chairman. The members of the Strategy Committee can meet those of the Executive Committee in a seminar format.
Our Audit Committee is currently composed of three members of the Strategy Committee, Jean Pierre Créange, Jean-Pierre Letartre and Olivier de la Morinière, independent directors (i.e., not shareholders or representatives of shareholders of Loxam SAS). The role of the Audit Committee is to examine the financial statements of the Group prior to their presentation to the Strategy Committee. The Audit Committee also examines the risks faced by the business and meets with the Group’s statutory auditors at least once per year. The Committee meets at least twice a year, with the Group’s CFO in attendance.
Remuneration and Appointment Committee
The Remuneration and Appointment Committee oversees the remuneration and appointment of the Group’s senior executives. It meets at least once per year and is currently composed of four members: Jean-Pierre Créange, François Varagne, Olivier de la Morinière and Gérard Déprez.
The Ethics Committee is made up of an independent member of the Strategy Committee (Olivier De la Morinière) and a Group ethics specialist. They meet at least once a year. The ethics specialist reports on any whistleblowing alerts received and how each of them was dealt with. The Ethics Committee reports to the Strategy Committee.