Commitees < Corporate governance

Board of Directors

Commitees

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The committees have the power to make recommendations to the Board of Directors. Their analyses facilitate the Board's decisions.

Practices and operation of committees

Mode of operation

The committees meet at least twice a year at the initiative of the Chairman of the Board. Half of the members must be present for meetings to take place.

Each committee chairman sets the agenda for meetings of that committee. Minutes of the meeting are drafted after each session.

Practice and consultations

The committees may find it necessary to consult with the Group's management team. They may also delegate their missions to experts. The committees report on their work to the Board by way of verbal statement, opinions, proposals, recommendations or written reports. They have no power of decision.

Compensation of directors

The compensation of directors is proportional to their involvement in the different committees.

The directors receive a presence fixed fee of 15,245 euros per year.

4 committees for Lafarge

The Board of Directors of Lafarge relies on:

The Audit Committee, chaired by Hélène Ploix,

The Corporate governance and Nominations Committee, chaired by Oscar Fanjul,

The Remunerations Committee, chaired by Oscar Fanjul,

The Strategy and Investment Committee, chaired by Michel Pébereau.

Committees and missions (2009 annual report) (P.D.F - 410 Kb)

Last update on 04/06/2010

Missions and responsibilities of the committees

Testimonial 1 : The Audit Committee

Is responsible for the relevance of the accounts and accounting methods adopted.
Supervises the company’s financial situation.
Studies the reports of the statutory auditors and ensures their independence.
Ensures the existence of anti-fraud procedures.

Testimonial 2 : The Corporate governance and Nominations Committee

Prepares the evolution of the composition of Lafarge’s management bodies.
Proposes corporate governance rules.

Testimonial 3 : The Remunerations Committee

Examines the compensation and benefits received by Directors and senior management members.
Provides the Board of Directors with elements of comparison and benchmarking relevant to current market practices.

Testimonial 4 : The Strategy and Investment Committee

Expresses its opinion on the main strategic orientations and investment policy of the Group.
Rules on investments, the creation and upgrading of equipment, external growth, divestments and asset or share sales.

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