Rules and Operations

As stipulated in the bylaws, the Board of Directors meets at least 4 times per year. In 2014, it met 9 times with an average attendance rate of 94%.

 

Internal regulations

Internal regulations complement the requirements set forth by legislation and the bylaws of the Group. They specify:

  • the roles and duties of the Chairman and CEO, and of the Vice-president of the Board of Directors,
  • the restrictions to the powers of the Chairman and CEO,
  • the composition of the Board of Directors and its Committees,
  • the applicable rules for the evaluation of the Chairman and CEO, of the Board of Directors and of the Board Committees,
  • the responsibilities of the different Board Committees.
 

Powers of the Chairman and Chief Executive Officer

Eric Olsen, Lafarge CEO

Eric Olsen, as Chairman and CEO of the Group :

  • Represents Lafarge in its relations with third parties.
  • He has broad powers to act on behalf of Lafarge in all circumstances.
  • In addition, as Chairman of the Board, he represents the Board of Directors. He organizes and directs the works of the Board in accordance with the provisions of its internal regulations.

 
In terms of the Group's strategic priorities:

  • They are proposed by the Chairman and CEO and are discussed annually by the Board of Directors.
  • Specific strategic presentations may be submitted to the Board of Directors as often as necessary.
  • The strategic priorities are approved by the Board of Directors and the Strategy, Investment and Sustainable Development Committee.

 
Limitations of the Chairman and CEO's powers are contained in the Board's internal regulations that require the following decisions be submitted to it:

  • Certain investment and divestment decisions.
  • Certain financial transactions (debt and financing transactions, bond issues, etc.)
 
  • Powers of the Chairman and CEO (2014 annual report) (pdf, 41.94 KB)
  • The Board, its Committees and its missions (2014 annual report) (pdf, 149.42 KB)