Governance defines how a company is organized, managed, and monitored. The main governing bodies are the Board of Directors, which determines strategic priorities, and the Executive Committee, which implements the Group’s strategy.
Board of Directors
The Board of Directors defines the Group’s strategies and sees that they are implemented.See more
Subject to the functions of the Board of Directors, the Audit Committee reviews the annual and half-yearly financial statements, to ensure that the Company’s accounting methods are appropriate, permanent and reliable, and reviews the effective implementation of internal control and risk management procedures, to be familiar with the policies implemented within the Group in relation to sustainability and respect for the environment, and to listen to and question the Statutory Auditors. Each year it reviews the fees charged by the Company’s Statutory Auditors and assesses their independence. The Audit Committee also considers potential Statutory Auditors for appointment.
Four Directors: Mr. Jean-Pierre Denis (independent Director), Chairman, Mrs. Sophie L’Hélias (independent Director), Mrs. Yseulys Costes (independent Director), and the Financière Pinault company, represented by Mrs Héloïse Temple-Boyer.
Three quarters of the members of the committee are independent according to its independence criteria and the committee does not include any executive director.
Reviews and makes proposals to the Board of Directors on all items and terms of remuneration of the Chairman and Chief Executive Officer and of the Group Managing Director, and the method for dividing the directors’ fees allocated by the Annual General Meeting to the Board of Directors.
In addition, the Committee reviews and assesses the remuneration policy for senior executives as well as the remuneration and benefits paid or deferred, granted to the members of the Executive Committee of the KERING Group.
Six Directors: Mrs. Sophie L’Hélias (independent Director), Mrs. Yseulys Costes (independent Director), Mrs. Claire Lacaze , Mr. Jean-Pierre Denis (independent Director), Mrs. Ginevra Elkann (independent Director) and Financière Pinault company, represented by Mrs Héloïse Temple-Boyer.
Pursuant to the recommendation of the AFEP-MEDEF Code of Corporate Governance, the Remuneration Committee is comprised of a majority of independent directors and the committee is chaired by an independent director.
Examines proposals for appointments to the Board of Directors before they are presented to the Annual General Meeting for approval or to the Board of Directors in the event of a vacancy. The Committee is also responsible for assessing the independence of the Directors on the basis of the criteria defined by the AFEP-MEDEF Code of Corporate Governance and the succession plan of the executive corporate officers. It provides its opinions and recommendations in these matters to the Board.
Four Directors: Financière Pinault company, represented by Mrs Héloïse Temple-Boyer., Mrs. Yseulys Costes (independent Director), Mr. Baudouin Prot, Mrs. Sapna Sood (independent Director).
Independent directors make up 50% of the Appointments & Governance Committee.
Sustainable Development Committee
Assists the Company in designing, implementing and ensuring proper corporate governance, taking into account the aim of the Board and Executive Management to maintain a high level of sustainability in their economic, social and environmental context, its inherent obligations of disclosure and transparency, as well as its ambitions in terms of ethics and the corporate citizenship policies and practices upheld by the Group, its senior executives and employees.
Four Directors: Mrs. Sapna Sood (independent Director), Chairwoman, Mrs. Daniela Riccardi (independent Director), Mr. François-Henri Pinault and Mr. Jean-François Palus.
See the profiles and careers of the members of Kering’s Executive Committee.See more