The board meets on an as needed basis. In 2016, the board met 9 times (excluding the directors’ strategy seminar), with an attendance rate of 85% (vs. 85.3% in 2015).
The main issues addressed included a business review, the financial position and earnings (review of the annual, half-year and quarterly results; analysis of the results forecast), the company’s financial situation (debts, available cash, bond issues), renewal of the share buyback program, governance (changes in the composition of the board of directors and committees, evaluation of the organization and functioning of the board and committees), implementation of a long-term incentive plan, acquisition of the SUEZ brand and other strategic topics (including the purchase of a 10.85% stake in the Acea company in consideration of new SUEZ shares, the execution of an industrial cooperation master agreement with Caltagirone and the expansion of its partnership with NWS Holdings to cover all of the group’s businesses in China).
The board also renewed the chief executive officer’s annual authorization to issue securities, endorsements and guarantees, and approved guarantee projects of amounts greater than the chief executive officer’s authorization threshold. Finally, it regularly reviewed the work of its various committees.
Find all the work done by the board page 230 of the 2016 Reference Document