Accor's New Corporate Governance
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Accor's New Corporate Governance
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Catégorie : Monde
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 14-05-2009
The Accor Board of Directors now has 12 members, compared with 15 previously and 17 last year:
Jean-Paul Bailly, Chairman of the French Post Office (Groupe La Poste).
Thomas J. Barrack, Founder, Chairman and Chief Executive Officer of
Colony Capital LLC.
Sebastien Bazin, Chief Executive Officer Europe of Colony Capital SAS.
Philippe Citerne, former Chief Operating Officer of Societe Generale.
Gabriele Galateri di Genola, Chairman of the board of Telecom Italia SpA.
Denis Hennequin, President, McDonald's Europe.
Bertrand Meheut, Chairman of the management board of Canal+ Group.
Virginie Morgon, Director of investment and executive board member of the
Eurazeo Executive Board
Gilles Pelisson, Chairman and Chief Executive Officer of Accor.
Alain Quinet, Vice President finance, strategy and sustainable
development and Member of the Executive Committee of Caisse des Depots
et Consignations)
Franck Riboud, Chairman and Chief Executive Officer of Danone.
Patrick Sayer, Chairman of the executive board of Eurazeo.
The Board met following the Annual Meeting and unanimously reappointed Gilles Pelisson Chairman and Chief Executive Officer.
It also determined which of its members qualified as independent directors. It reached the conclusion that Jean-Paul Bailly, Chairman of the French Post Office (La Poste), Philippe Citerne, the former Chief Operating Officer of Societe Generale, Gabriele Galateri di Genola, Non-executive Chairman of Telecom Italia SpA, Denis Hennequin, President of McDonald's Europe, Bertrand Meheut, Chairman of the Management Board of the Canal+ Group, and Franck Riboud, Chairman and Chief Executive Officer of Danone met the criteria for independence recommended in the AFEP-MEDEF corporate governance code for listed companies. Of these, 6 are independent, in line with the balance between independent and non-independent directors recommended by the AFEP/ MEDEF code.
In addition, Philippe Citerne, an independent director, was appointed Vice Chairman of the Board, in the newly created position of "Leading Independent Director." As the preferred contact for shareholders not represented on the Board, he will be responsible for organizing a meeting of only the independent directors whenever necessary, and at least once a year.
The Board's operations are organized around three Committees, whose members were designated by the directors as follows:
- Audit and Risks Committee: Philippe Citerne, Chairman,
Jean-Paul Bailly, Denis Hennequin, Virginie Morgon and Alain
Quinet.
- Compensation, Appointments and Corporate Governance
Committee: Bertrand Meheut, Chairman, Jean-Paul Bailly, Thomas
Barrack, Franck Riboud and Patrick Sayer.
- Commitments Committee: Sebastien Bazin, Chairman, Philippe
Citerne, Gabriele Galateri di Genola, Denis Hennequin and Patrick
Sayer.
The Audit and Risks Committee and the Compensation, Appointments and Corporate Governance Committee will be chaired by an independent director and all three committees will have a majority of independent members.
Dividend payment
The shareholders' meeting held on May 13, 2009 approved the dividend payment of EUR1.65 per share. This year, shareholders have the option for a dividend paid cash or through issuance of new shares. The price of the new shares to be issued was set at EUR30.54, corresponding to the opening prices over the 20 trading days preceding the Annual Meeting, less the EUR1.65 dividend per share. The dividend reinvestment period will run from May 20 to midnight June 8, 2009. The dividend will be paid in cash or shares on June 17, 2009.
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