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For the second consecutive year, Nexans obtained the mention “very good” from Ernst & Young for its Governance practices in 2011. With an overall score of 17,75/20 (versus 16,25 in 2010), Nexans remains in the Top 10% of French CAC 40 and SBF 120 companies reviewed by Ernst & Young.
Nexans obtained the highest score for its governance that include, in particular, the board committies missions.
Companies were rated based on their 2010 annual reports, on 4 themes and near to 155 related criteria considered particularly relevant by various French and European institutions, in particular AFEP-MEDEF and IFA (French Institute of Directors).
The improvements highlighted by Ernst & Young compared to 2010 are the following:
- Increase of the percentage of women appointed to the Board,
- Reference to the officers succession plan implementation in the President’s Report,
- Mention of additional retirement systems for Directors,
- Clear information regarding the plurality of offices (executive responsibilities, intra-group appointments, France/ international, ...).
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Nexans 2011 |
Nexans 2010 |
SBF 120 Companies |
| Structure of corporate governance |
15/20 |
13/20 |
11.8/20 |
| Dedicated tools and resources |
18/20 |
18/20 |
9.7/20 |
| Implementation of corporate governance |
20/20 |
18/20 |
10.2/20 |
| Transparency of published information |
18/20 |
16/20 |
12/20 |
| Overall score |
17.75/20 |
16.25/20 |
10.93/20 |
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