The Supervisory Board Committees

The Audit Committee
The Audit Committee is composed of Fritz Fröhlich (Chairman), Joe Adorjan, Luis Marini Portugal, David Novak and Matthew Turner. Its role is to ensure the accuracy and fair presentation of the individual and consolidated financial statements, and to issue recommendations on finance, accounting and internal controls.

The Nominations Committee
The Nominations Committee is composed of Patrick Sayer (Chairman), Fritz Fröhlich, Françoise Gri, Matthew Turner and Roberto Quarta. Its main missions are to issue recommendations on potential nominations, to replace/dismiss members of the Management Board, Executive Committee, and Supervisory Board, and to ensure that independent members of the Supervisory Board effectively meet independence criteria.

The Compensation Committee
The Compensation Committee is composed of Françoise Gri, Amaury Hendrickx, Joe Adorjan, François David, Luis Marini-Portugal, and Roberto Quarta. Its main missions are to make recommendations and issue opinions on the compensation of members of the Management Board and Executive Committee, and on the allocation of stock options and free shares.

The Strategic Committee
The Strategic Committee is composed of David Novak (Chairman), Joe Adorjan, François David, Patrick Sayer and Matthew Turner. Its main missions are to issue recommendations to the Supervisory Board on strategic planning and annual budget proposals, as well as on any of the Group’s strategic projects (such as acquisitions, disposals or investments).