Nexans board of directors comprises 14 directors and 1 censor. Among the directors, 12 of them are appointed by the general shareholders meeting and 2 employee representatives are appointed by the France Group work council and the European work council.
Since 2003, the board’s functioning is governed by internal regulations.
The ethical rules that apply to members of the Board of directors are formalized in a Director’s Charter, attached to the Internal Regulations of the Board.
The Accounts, Audit and Risk Committee is composed of five members, two of which at least are independent directors. No executive officer of the Company may be a member of this Committee.
Members of the Accounts, Audit and Risk Committee are chosen for their financial or accounting skills. In accordance with legal provisions, at least one of the members must present specific skills in one or the other of these fields.
The Accounts, Audit and Risk Committee monitors issues relating to the preparation and control of accounting and financial information in accordance with applicable regulations.
The Compensation Committee is composed of the members of the Appointments and Corporate Governance Committee as well as a Director representing employees. Its Chairman is the Chairman of the Appointments and Corporate Governance Committee.
Executive Officers may be invited to take part in meetings relating to the compensation policy for senior-level managers. In addition, Executive Officers may be heard by the Committee before it deliberates on their compensation.
Responsibilities of the Compensation Committee are in particular the examination of the executive directors’ compensation.
The Appointments and Corporate Governance Committee is composed of a maximum of six members, who are Non-Executive Directors, appointed by the Board of Directors. Its Chairman and the majority of its members are independent directors.
Executive Officers may be invited to take part in meetings relating to appointments or succession plans.
Responsibilities of the Appointments and Corporate Governance Committee are in particular the future development of Nexans management bodies and the monitoring of corporate governance at the level of the Board of Directors.
The Strategy and Sustainable Development Committee 's missions include the review, in order to provide his opinion to the Board of Directors, of the three-year strategic plan and an annual follow-up of the progress made in strategic initiatives selected among the most significant ones. The Committee also reviews how the Group takes into account sustainable development issues in defining its strategy.
Compensation of executive directors
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