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Principles of company governance

Group governance is conducted according to various regulations and charters that apply the company articles, the procedures of the Board of Directors and the responsibilities and compensation of corporate officers.

Principles of governance

Applicable articles and regulations

SUEZ ENVIRONNEMENT COMPANY

SUEZ
French limited company with capital of €2 263 664 780
433 466 570 R.C.S. NANTERRE
Siège social : Tour CB21, 16 place de l’Iris,
92040 PARIS LA DEFENSE CEDEX

Internal regulations and director’s charter

The Board of Directors has drawn up internal regulations specifying the workings of the company’s Board of Directors. With a view to establishing proper governance, the meeting of the Board of Directors on 7 February 2012 also adopted a Director’s Charter, appended to the internal regulations, that lays down the conditions applying to the accomplishment of the directors’ missions (contribution to the Board and Committees, directors’ rights and resources, rules of confidentiality, independence, ethics and integrity).

Remit of the Chief Executive Officer

Jean-Louis Chaussade is the CEO. He has the broadest powers to act in the company’s name under all circumstances. He exercises his powers within the scope of the corporate purpose and according to:

  • the powers expressly granted to shareholder meetings and the Board of Directors by law,
  • In this respect, article 4 of the internal regulations, amended by the Board of Directors meeting on 28 July 2015, defines the limits of the powers of the CEO.



Adoption of the AFEP-MEDEF recommendations on corporate officers’ compensation

The meeting of the SUEZ Board of Directors on 28 October 2008 took note of the AFEP-MEDEF recommendations of 6 October 2008 on the compensation of corporate officers of listed companies.

The Board of Directors fully adopted these recommendations, which contribute to sound corporate governance. The Board of Directors renewed its adoption of the AFEP-MEDEF code, as published in June 2013.

Since it was floated on the stock exchange in July 2008, SUEZ has intended to apply the best practices of listed companies, and the AFEP-MEDEF recommendation is in perfect keeping with the policy of transparency that SUEZ implements.

Pursuant to the law passed on 3 July 2008, transposing the community directive of 14 June 2006, SUEZ refers to the AFEP-MEDEF code in the preparation of its annual reports.

Compensation of the Chief Executive Officer

In keeping with the recommendations of the AFEP-MEDEF Code of Company Governance, as revised in June 2013, the components of the compensation of the Chief Executive Officer, Jean-Louis Chaussade, as settled upon by the Board of Directors, acting on a proposal by the Compensation Committee, are contained in the documents below.

Adoption of the AFEP-MEDEF recommendations on corporate officers’ compensation

The meeting of the SUEZ Board of Directors on 28 October 2008 took note of the AFEP-MEDEF recommendations of 6 October 2008 on the compensation of corporate officers of listed companies.
The Board of Directors fully adopted these recommendations, which contribute to sound corporate governance. The Board of Directors renewed its adoption of the AFEP-MEDEF code, as published in June 2013.
Since it was floated on the stock exchange in July 2008, SUEZ environnement has intended to apply the best practices of listed companies, and the AFEP-MEDEF recommendation is in perfect keeping with the policy of transparency that SUEZ environnement implements.
Pursuant to the law passed on 3 July 2008, transposing the community directive of 14 June 2006, SUEZ environnement refers to the AFEP-MEDEF code in the preparation of its annual reports.
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