Mercialys, a French-law public limited company (société anonyme), has opted for the governance structure with a Board of Directors.
In accordance with the Board of Directors’ rules of procedure, each Director must hold a number of shares in the Company that corresponds to at least the equivalent of one year’s Directors’ fees. In accordance with the Company’s bylaws and the AFEP and MEDEF Code, the Board of Directors is now partly renewed each year.
As part of the duties assigned to it, the Appointments and Remuneration Committee conducted its annual review of the operations and composition of the Board of Directors in the light of governance regulations, paying particular attention to the representation of independent members and women on the Board, as well as the experience, complementary backgrounds and skills of Board members.
Within this framework, the committee has reviewed the situation of each Director in the light of any connections with Group companies that may compromise his or her judgment or engender a conflict of interest.
The Board of Directors comprises of 12 directors, 7 of whom are indepedent directors (58%) and 5 of whom are women (42%).
* Independent director
Eric LE GENTIL
Chairman of the Board of Directors and Chief Executive Officer of Mercialys
Chairman and Chief Executive Officer of Foncière Euris
Associate professor of private law
Chief Operating Officer of Euris
Antoine Giscard d'Estaing
Casino Group Chief Financial Officer, representative of Casino, Guichard-Perrachon
Anne-Marie de Chalambert*
Executive Vice President of Human Resources, Casino Group, representative of La Société Forézienne de Participations
Chairman of the Management Board of the Camaïeu Group
Partner at Jaina Capital
Investment Director at Generali France, representative of Generali Vie
Chief Operating Officer Group finance – Les petits chaperons rouges